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Acm Police Raid In Fraud Probe

Michel C.	Apr 4 2009, 11:55 Post
	QUOTE A squad of 28 police officers raid the downtown Geneva offices of currency trading company ACM and seize documents, a computer and other evidence in a suspected financial fraud case. Swisster discovers the unprecedented affair, being directed by an inspector and detective for the cantonal force’s financial fraud brigade, may take weeks to unravel and has involved the questioning of top officials from the company, who are refusing to comment. Read : http://www.swisster.ch/en/news/business/po...obe_116-1451105 Reason for edit: Added some news

Arnaud	Apr 6 2009, 11:13 Post
	The Answer from ACM : QUOTE On Thursday the 2nd of April, on the basis of counterfeit documents produced by a former client, the authorities in Geneva visited ACM's offices. Collaborating in a transparent and active way, ACM delivered all information required. All elements prove ACM's good faith and it remains clear that the company has fallen victim to a former client bent on malicious intent. In return, ACM has lodged a complaint against this former client with accusations of blackmail, defamation and forgery of documents. The activities of the company have naturally continued as normal. Since its creation, ACM has constantly experienced strong growth and has offices in Geneva, New York, Dubai, Montevideo and has recently opened an office in Zurich. At end of March, the company submitted its official request for a banking licence to FINMA.

Henry C.	Apr 6 2009, 12:49 Post
	QUOTE (Arnaud Jeulin @ Apr 6 2009, 11:13) The Answer from ACM : With the current global financial turmoil, it is not surprising to see this kind of reaction taking place. ACM has been a market leading broker for such a long time now, due no doubt to the professionalism and transparency of the outfit, so I find it hard to believe that there is anything untoward in the accusation being made by this former client. I would imagine they will still receive their banking license.

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