Anthony Betts

House painter turned trader indicted in Oregon for forex scam

May 31, 2004

A house painter who held himself out to be an international currency trader and funneled the public's money through offshore accounts has been criminally indicted in the United States. Russell Warren Brent Cline, of Oregon, faces 39 counts of mail

CFTC sues forex firm whose ‘head’ trader’ was a house painter

May 31, 2003

A federal judge in Oregon has frozen the assets of several parties accused of operating an alleged foreign currency trading scam headed by former house painter Russell Cline and with ties to the Caribbean island of Dominica.

Investor sues house painter-turned-forex trader

April 30, 2003

A collapsed offshore forex fund whose head trader was a house painter is being sued by an investor that claims to have lost $4.817 million.The investor, Nevis-registered Worldwide Financial Services LLC, claims the fund, known as Orion International, was operated as a Ponzi scheme.

Unlicensed fund ‘Orion International’ collapses

October 31, 2002

In a collapse that is strikingly similar to The Genesis Fund, a Dominica-based group also purporting to trade foreign currency has informed its clients that virtually all of their funds have been lost.Russell Cline, "Head of Trading" of Orion International, posted a letter on its web-site at www.orionfx.com in August, 2002 stating that "in excess of 90%" of pooled money had gone.