Warning: Trans Atlantic Direct is forex scam

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.

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!

Chris Lee

Latest news

Looking Forward To An Uncertain Few Months

24.05.2022

If the bad news is that major global equity markets are heading towards forming a bear market, then the even worse news is that the increased price volatility looks set to be the dominant theme for the next few months. Read more

How To Use ETFs To Trade The Current Market Conditions?

19.05.2022

For investors, 2022 has been quite a year. Read more

Safest Forest Brokers 2020

	Broker	Info	Best In	Customer Satisfaction Score
#1	Your capital is at risk Founded: 2011	Global CFD & FX Broker	BEST FOREX BROKER Visit broker	5
#2	Your capital is at risk Founded: 2014	Global Forex Broker	BEST SPREADS Visit broker	4.8
#3	66% of retail CFD accounts lose money Founded: 2014	Global Forex & CFD Broker	Best Trading Conditions Visit broker	4.9
#4	67% of CFD traders lose Founded: 2007	Global CFD & FX Broker	ALL-INCLUSIVE TRADING PLATFORM Visit broker	4.9
#5	Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010	Global Forex Broker	Low minimum deposit Visit broker	4.9