Money trading business owner charged with fraud

Posted on Tuesday, August 10th, 2010 at 1:56 pm    

The owner of a money transfer business has been accused of fraud after luring in investors with fake business deals and guaranteeing monthly returns that the investors never received.

The man, who owned and operated Shidaal Express Inc., told investors that they would received $500 for every $10,000 that they invested. He also led investors to believe that he was in experienced stock trader that had being doing it for many years and that there maximum loss would be less than 20 percent of their investment. In reality, the man lost hundreds of thousands of dollars in the stock market and traded his losses by paying investors.

If your business has suffered because of fraud, you need experienced representation to help you overcome the harms done. Contact the Des Moines business fraud lawyers of LaMarca Law Group, P.C. by calling (877) 327-2600.


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