The OSC has found that Martin Shwartz is in fact Bernard Justin Sevilla and Stewart Price is in fact Mark Lee Singer. Both are wanted in the US with outstanding warrants for fraud committed in the early 2000’s for similar frauds against the citizens of Florida. Unsuspecting trders deposited their money into two accounts in Spain that were then transferred to the main company that is registered to Bernard aka Martin, as sole owner. None of the nearly 6 million Canadian was ever deposited into accounts for any clients. No trading actually took place. Trans Atlantic Direct has now closed its website, are not answering their phones or emails. No one has heard anything from them in over 4 weeks. Unfortunately for some, the OSC didn’t post their warning soon enough, and Martin and his boys extracted more funds from investors…..big pressure was placed on these poor, financially struggling seniors.
Read more about the case follow the links below:
http://www.osc.gov.on.ca/en/Proceedings_oth_20180622_trans-atlantic.htm
https://www.cftc.gov/sites/default/files/enf/00orders/enflexus.htm
https://www.cftc.gov/sites/default/files/files/enf/02orders/enffirstbristol-complaint.pdf
The scam they ran in Ontario Canada was a blend of their two previous scams. Using a fake trading platform and using radio shows to lure citizens in. What made the one in Ontario so different from the previous radio show is that they used local radio personalities to do the phone in interviewing, giving the scam legitimacy.
The people behind this scam have not been apprehended yet. If we hear more information about this case we will update you here and on Facebook.
Stay tuned!
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