September 12, 2011 Comments (0) Blog, Securities Fraud

Jeffrey Liskov of Massachusetts and His Company, EagleEye Asset Management, LLC Charged by CFTC with Forex Fraud

(Last Updated On: July 17, 2015)

According to a CFTC press release, “[The CFTC] filed a civil complaint charging Jeffrey Liskov and his company, EagleEye Asset Management, LLC (EEAM), both of Plymouth, Mass., with cheating and defrauding at least one customer in the United States of over $3 million of retirement funds while trading off-exchange foreign currency contracts (forex) on the customer’s behalf.”

According to the details of the CFTC, Liskov was authorized by his client to trade a portion of the client’s retirement funds, but that authorization was based on misrepresentations. The complaint indicates that “Liskov failed to inform the customer that he was an unsuccessful forex trader and that forex trading is highly volatile and extremely risky. Liskov also allegedly misrepresented to the customer that forex trading suited conservative investment goals.” In addition to the misrepresentation, the complaint alleges that Liskov “engaged in unauthorized trading of the customer’s accounts, misappropriated funds, and forged the customer’s signatures on wire transfer and account opening documents.” During the alleged fraud, it is said that Liskov and EagleEye Assets Management made about $235,000 in “incentive fees” and “allegedly lost over $3.24 Million by trading forex.”

If you have questions about  an investment you make with Jeffrey Liskov or EagleEye Assets Management, LLC and would like to speak to a securities attorney about your investment and potential for action to recover losses please call our Chicago offices at 312/238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuriteslaw.com

 

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