Cases / Trading, forex & commodities
The W Trade Group
Larry Ramos Mendoza
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
- The W Trade Group
- Industry
- Commodities trading
- How investors were recruited
- Customers solicited by co-defendant Joseph Carvajales, who touted a sophisticated trading algorithm
- Pitch & red flags
- Returns "as high as 19 percent" with losses "limited to two percent"; claimed a commodities trading algorithm he developed; fake mobile app with fabricated statements
Pitch phrases from this case
Source
U.S. Department of Justice official
Related cases · Trading, forex & commodities
All trading, forex & commodities cases →