Cases / Trading, forex & commodities
Michael J. DaCorta, Joseph S. Anile II, Raymond P. Montie III, Francisco "Frank" L. Duran, John J. Haas
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
- Oasis International Group Limited, Oasis Management LLC, Satellite Holdings Company, Oasis Global FX Limited, Oasis Global FX SA
- Industry
- Forex trading pools
- How investors were recruited
- Word of mouth among friends and acquaintances; more than 700 investors, including a disabled veteran introduced to DaCorta by friends
- Pitch & red flags
- "minimum 12% guaranteed annual return"; claimed forex returns of "22% in 2017 and 21% in 2018"; false account statements
Pitch phrases from this case
Source
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