Warning: Trans Atlantic Direct is Forex Scam

Chris Lee

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!


Chris Lee

Latest news

Three Great Technical Analysis Tools for Forex Trading
You don’t have to be very technical minded to make use of technical analysis in your forex trading. Read more
What Does Binance Being Kicked Out of Belgium Mean for Crypto Prices?
Belgium regulator FSMA orders crypto platform Binance to immediately cease its operations. Read more

Safest Forex Brokers 2024

Broker Info Best In Customer Satisfaction Score
#1 72% of retail CFD accounts lose money. Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#2 Blackbull LogoYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#3 AvaTrade LogoYour capital is at risk Founded: 2006 Globally regulated broker
Number One Broker
BEST CUSTOMER SUPPORT Visit broker
4.9
#4 plus500 logo81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008 Global CFD Provider
Number One Broker
Best Trading App Visit broker
5
#5 Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9
#6 Forex Broker eToro Logo76% of CFD traders lose money Founded: 2007 Global CFD & FX Broker
Number One Broker
ALL-INCLUSIVE TRADING PLATFORM Visit broker
4.9
#7 XM LogoYour capital is at risk Founded: 2009, 2015 and 2017 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
5
#8 FxPro LogoYour capital is at risk Founded: 2006 CFD and Cryptocurrency Broker
Number One Broker
CFD and Cryptocurrency Visit broker

    Forex Fraud Certified Brokers

    eToro Logo
    FxPro logo
    FXTM Logo
    XM Logo
    plus500 logo
    AvaTrade logo
    BlackBull Logo Small
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.