Createwealth8888: In forex, losses can be really huge due to its nature of high leverage being used
Read? Investor to pay $1.6M to bank after losing lawsuit.
By GRACE LEONG
(SINGAPORE) For years, two relationship managers assured a client that his investment portfolio was doing well and that he had a balance of around $8 million in his account.
In fact, the net value of the investment account stood at only $252,652 on Aug 12 this year. The rest had been frittered away by the relationship managers at Societe Generale Bank & Trust in Singapore because of alleged unauthorised forex trades, according to a lawsuit filed at the Singapore High Court yesterday.
To cover up the losses, they fed the client with bogus statements, the lawsuit claimed.
上海直擊|商湯發布「日日新5.0」AI模型、號稱對標GPT-4 股價再升逾四成重上「蚊股」、5日累升1倍 – 香港經濟日報 – 即時新聞頻道 –
即市財經 – 股市
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