Giambrone’s Forex lawyers have successfully recovered recently in excess of $2.3 million for our clients in various forex scams and frauds.
Giambrone Forex against Evolution Marketing Group (“EMG”).
Giambrone Forex are advising investors from Italy, Spain, Portugal, Malta, Scandinavia, Latin America (Brazil, Argentina, Columbia, Equador and Mexico) who have been victims of Finanzas Forex and the related Evolution Marketing Group (“EMG”). Finanzas Forex is now in liquidation and Giambrone are continuing to help clients recover funds from this scam.
In October 2013, the District Court for the Middle District of Florida entered orders of forfeiture for over $138 million in assets which were seized by federal authorities for their involvement in a fraud perpetrated by Evolution Marketing Group. The United States Department of Justice will distribute these funds to eligible victims of the fraud through a process called “Remission”. Victims of forex scams (where such scams constitute a federal crime in the US) are encouraged to seek the advice of an attorney who specializes in forex litigation, civil forfeiture or criminal prosecution, regarding remission and their rights to seek a refund of the forex investments.
Giambrone Forex against Traders International Return Network (“TIRN”)
Giambrone’s Forex Litigation department recovered more than US$1 million for approximately 300 investors from Spain, Italy, Panama, Colombia and Sweden.
Traders International Return Network (“TIRN”) promised high yield returns of between 9% – 22% using “professional money managers” investing in the forex market. However, no real investments were made on behalf of the clients and TIRN’s operators misappropriated around US$15 million for their own personal benefit.