CFTC uncovers three FX frauds cases in a month


WASHINGTON, DC -- The Commodity Futures Trading Commission (CFTC) charged firms and individuals in three different cases of FX fraud in August.

Foreign currency firms and individuals in Georgia, California and Florida were charged with fraudulently soliciting retail customers to invest in illegal FX futures contracts.

In its most recent case, the CFTC announced actions against Georgia-based FX firm Global Financial Consulting and individuals Wook Hyun Kim and Chang Lee, obtaining a Federal Co