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A Spider Web Of Hedge Fund And Forex Ponzi Fraud

Forbes – This is a somewhat long and convoluted tale, whose every twist and turn will likely  turn you’re your stomach in disgust.  With that warning, let’s go back to 2009, when George Sepero, Glen Rock, NJ, Carmelo Provenzano, Garfield, NJ, and Daniel Dragan, Hunterdon County, NJ, claimed to run a series of hedge funds in New Jersey. If you were an unlucky investor who fell into these characters’ web, you would have likely been lured their by the dazzling bait of extraordinary profits in foreign currency (“Forex”) trading through a chameleon-like assortment of companies with the names of “Pelt Capital,” “Caxton Capital Management,” “SP Investors Inc.” and “CCP Pro Consulting Inc.”

Ah yes, another Forex scam. Ah yes, more hedge funds. And, on top of that now somewhat banal bit of investor fraud, lets add that tired label of being offered an investment opportunity that was “too good to be true.”

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