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Home 5 Announcement 5 My Forex Funds: Shutdown amidst allegations of $300 million fraud

My Forex Funds: Shutdown amidst allegations of $300 million fraud

Important Announcement: Refundaroo is proud to have played a pivotal role in uncovering the truth behind financial fraud. As our clients’ accounts were frozen, they turned to Refundaroo for assistance,…...

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Publish Date

September 2, 2023
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Refundaroo Support

Important Announcement:

Refundaroo is proud to have played a pivotal role in uncovering the truth behind financial fraud. As our clients’ accounts were frozen, they turned to Refundaroo for assistance, and we provided them with guidance and support throughout their ordeal.

Regarding the case of My Forex Funds, a Toronto-based trading firm accused of perpetrating a $300 million fraud targeting retail traders, regulators in the United States and Canada have taken swift action, freezing the firm’s operations and assets.

The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Murtuza Kazmi and associated companies, alleging fraudulent solicitation of customers for leveraged retail foreign exchange (forex) and commodity transactions. Additionally, the Ontario Securities Commission has issued a temporary cease trade order against the firm.

Refundaroo remains committed to supporting victims affected by financial fraud. If you have been impacted or require assistance, please reach out to us for guidance and support.

 

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