Cases / Trading, forex & commodities
Roberto Trinidad Del Carpio Frescas, David Brian Binder
ReportedFeb 22, 2016
LocationChihuahua, Mexico
Amount$15,000,000
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
- SMI International Institute Corporation (Stock Market Investment), Del Carpio Trading Institute LLC, Del Carpio Holdings
- Industry
- Purported trading of stocks, bonds, futures, oil, gas, precious metals and currencies
- How investors were recruited
- More than 100 investors in Mexico and the United States
- Pitch & red flags
- Held himself out as having "superior knowledge and ability as an investor"; small payments to early investors to encourage more investment
Pitch phrases from this case
Source
U.S. Department of Justice official