MyForexFunds.com prop shop shut down over massive manipulation / ponziesque behavior (shout out to ftpjesus for the tip)

sonatine

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Join Date: May 2020

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#1

MyForexFunds.com prop shop shut down over massive manipulation / ponziesque behavior (shout out to ftpjesus for the tip)

09-04-2023, 03:31 PM

https://financefeeds.com/cftc-sues-a...trading-fraud/

$310m grift by the looks of it.

manipulated spreads
manipulated price action to stop traders out
paid out traders with other traders profits etc etc

real bad stuff and i gotta wonder what other dominos are ready to fall in prop land.
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sonatine

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Join Date: May 2020

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#2

09-13-2023, 01:02 AM

really unexpected collateral damage from this; deel has severed ties with _all_ prop firms.

including apex, whom i prop with.

apex said they already have a new payment processor lined up but still, this all feels very familiar.
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