Cases / Trading, forex & commodities
Fredirick (Ted) Safranko, David William Negus-Romvari, Robert Collazo Jr., Holton Buggs Jr., Juan Jose Herman, John Fortini, Stephen Likos
ReportedOct 15, 2024
LocationCanada
Amount$283,000,000
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
- Traders Domain FX Ltd., Trubluefx, Algo Capital LLC, Algo FX Capital Advisor LLC, Centurion Capital Group Inc.
- Industry
- Leveraged retail commodity (gold XAU/USD) trading pools
- How investors were recruited
- Sponsor network of U.S. promoters acting as "spokes extending from the TD hub" (MLM-style)
- Pitch & red flags
- misrepresentations on the website, social media, email, text and in person; commissions charged on fictitious trading profits