Cases / Trading, forex & commodities
David Schamens
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
- TD Trading LLC, TFG Trading LLC, TradeStream Analytics LTD, Tradedesk Financial Group Inc, Tradestream Algo Fund
- Industry
- Trading pools / algorithmic trading fund
- How investors were recruited
- Solicited wire transfers and IRA rollovers into accounts he controlled
- Pitch & red flags
- Promised "annual rates of return of 12 percent to 30 percent"; fake account statements and tax documents
Pitch phrases from this case
Source
U.S. Department of Justice official
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