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Cases / Trading, forex & commodities

Joseph Forte L.P.

Joseph S. Forte

ReportedJan 8, 2009
LocationBroomall, PA
Amount$50,000,000

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
Joseph Forte L.P.
Industry
Limited partnership claiming to trade securities futures (S&P 500 index futures)
How investors were recruited
Personal relationships with investors (as many as 80)
Pitch & red flags
Reported "annual returns ranging from 18.52 percent to as high as 37.96 percent" (1995-2008) while actually losing money

Pitch phrases from this case

Source

SEC official

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