The Investor’s Watchdog

The Investor's Watchdog

Longboat Key’s Oasis International Group Charged with $75 Million Foreign Currency Trading Ponzi Scheme

Monday, June 17, 2019

The Commodities Futures Trading Commission recently won an entry of default against Oasis International Group Ltd. (Oasis International), an investment firm on Longboat Key that is charged with operating a $75 million foreign currency trading scheme.

Oasis International’s CEO, Michael DaCorta, Oasis principals Joseph Anile II and Francisco “Frank” Duran, and several other individuals were accused of misappropriating funds from at least 700 investors. The complaint alleges that they used the money to pay for exotic vacations, homes, sports tickets, college tuition, and loans to family members, among other things. At least $28.9 million of investors’ funds were used for Ponzi payments.

If you invested and lost money in Oasis International Group’s scheme at the advice of a broker, attorney, insurance agent, financial advisor, or CPA, you may be able to recover. Since 1998, the experienced attorneys at Chapman LLC have been fighting for victims of investment fraud and broker misconduct. Call us today at 1-877-410-8172 for a free consultation. You will speak directly to an attorney who will fight for you.

 

Author: Jason T. Albin

Jason Albin is an Attorney and Partner at ChapmanAlbin, the investor rights law firm. He has represented hundreds of investors who have lost money due to broker misconduct, unsuitable investment advice and fraud.​ Jason also represents individuals in “whistleblower” suits filed against unscrupulous companies that try to defraud the US federal and state governments.

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