CFTC busts false FX traders in Hawaii

WASHINGTON, DC - The US Commodity Futures Trading Commission (CFTC) has frozen the assets of two Hawaii-based traders and their company for fraudulently obtaining more than $1.5 million from investors, which was misused.

The CFTC alleges that since June 2008, Stuart Jones, Payton Lowe and their company, WeCorp, obtained funds from about 20 investors, promising to trade over-the-counter foreign exchange contracts using an automated trading system. The duo claimed to be experienced foreign

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