Death no defence for Bruce Kramer at Barki from CFTC

Nobody should have any doubt how seriously the US Commodity Futures Trading Commission is taking its task of stamping out FX-related fraud. This week it has announced that it has charged Barki LLC of Mint Hill, North Carolina, and its founder Bruce Kramer with “fraudulently soliciting at least $40 million to trade leveraged foreign currency contracts, misappropriating at least $30 million of customer funds to pay purported profits, return principal to customers, and for personal expenses. The defendants concealed their fraud and trading losses through false account statements for over five years.”