FX Ponzi Scheme Defrauded $180m, Director Faces 10 Years in Jail
Mar 25, 2023
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The scheme operated for almost seven years, starting in 2010.
The former director of a fraudulent company faces five criminal charges
The Australian Securities and Exchange Commission (ASIC) informed on Tuesday that the preparator of the $180 million foreign exchange (FX) Ponzi scheme pleaded guilty at the Downing Centre Local Court. Tony Iervasi, a former Courtenay House Director, faces up to 10 years imprisonment and a fine of $810,000.
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