Cases / Trading, forex & commodities
The Forex Project, Interbank FX
Luis Hiram Rivas
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 Forex Project, Interbank FX
- Industry
- Foreign currency (forex) trading program
- How investors were recruited
- Seminars in Nashville, TN, Greenville, SC, and other locations.
- Pitch & red flags
- Promised 5% monthly returns; claimed to have been "trading for over 30 years" (news report: actually about three years); touted "Fibonacci Filter" and "Ripple Effect" trading methods; FBI sentencing release says he guaranteed up to a 96 percent annual return for three years, paid monthly.
Pitch phrases from this case
Source
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