Some examples of scamming forex broker cases are as follows:

• Orion International in London
  Founded by Russell Cline in London, this company promised a return on investment of 60%–200% with little risk. The total amount of fraud was $16 million and the case ended up with Cline sentenced to 8 years and 1 month in prison. He was also fined $33 million.
  
  
• Joel Nathan Forex Fund
  The company was founded by Joel N. Ward and claimed to provide an investment fund of $15 million. The scam cost 110 investors a total loss of more than $11 million. Ward was eventually sentenced to 9 years in prison and an $11 million fine.
  
  
• Global Forex Management Fund
  Patrick Gallagher and Michael Dion founded this company to attract investors by claiming huge returns based on trading results that they had fabricated. With a total fraud of $30 million, the founders were both sentenced to 25 years in prison.
  
  
• Forex Probe
  This forex scam involved major banks and forex brokers in Asia, Switzerland, the United Kingdom, and the United States. They managed to run away with an estimated amount of $4.7 trillion. As a result, FCA and CFTC imposed fines of $8.8 billion on Citibank, HSBC, JPMorgan, RBS, and UBS. In addition, several traders from the five banks were arrested and jailed for 14 years.