Post A Scam
Scam: #2562

Scam Alert

Person

  • Posted By: Anonymous
  • Submitted: 04/01/2011
  • Severity: 9
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James Clements and Zeina Smidi

Ran a Ponzi Scheme

Plantation, Florida

James Clements and Zeina Smidi ran a Ponzi scheme that took in more than $30 million from investors nationwide.. They controlled a group of firms under the names MRT or Maximum Return Transaction.. They told clients that their money was being used to trade in foreign currencies, but later said it was being invested in overseas products

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