Forex trader charged over alleged thefts, cover-up

Forex trader charged over alleged thefts, cover-up
Jan 23 (BusinessDesk) - An Auckland foreign exchange trader is facing 15 charges of theft, dishonesty and false statements ina case involving the alleged misappropriation of $837,046 for personal use and mis-statement of clients' financial positions by some $4 million. The circumstances of the charges, lodged by the Serious Fraud Office in the Auckland District Court, bear similarities to the Financial Markets Authority swoop late last year on Ross Asset Management, now in liquidation, which allegedly held customers at bay by claiming fictiti...