CFTC Charges New York Firm 4X Solutions, Inc. and its Principal, Whileon Chay, with Forex Fraud Ponzi Scheme
04/08/2013 02:08 PM EDT
The U.S. Commodity Futures Trading Commission filed an enforcement action in the U.S. District Court for the Southern District of New York, charging Defendants 4X Solutions, Inc. and its principal, Whileon Chay, both of New York City, with fraud and misappropriation in a $4.8 million foreign currency (forex) trading Ponzi scheme.
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