CFTC, SEC uncover 20m fraud

WASHINGTON, DC - A Texas district court has frozen the assets of a university professor of finance and his lawyer partner for orchestrating a $20 million fraudulent foreign exchange scheme, following simultaneous court filings by two US regulators.

The US Commodity Futures Trading Commission (CFTC) and the US Security and Exchange Commission (SEC) filed the charges against Robert Watson, a former Texas A&M University professor, and Daniel Petroski, a lawyer and certified public accountant. The

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