Cases / Trading, forex & commodities
OSGold, OSOpps
David Copeland Reed
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- OSGold, OSOpps
- Industry
- Internet gold-backed "bank" and purported forex trading program
- How investors were recruited
- Online; funds wired through intermediaries (about 66,000 accounts)
- Pitch & red flags
- "a 30% compounded return over three months, or a 45% rate of return for investments left for 12 months"; principal "fully guaranteed"
Source
U.S. Department of Justice official
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