Igor Toshchakov

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 v. Sterling forex LLC et al: CFTC’s Summary Judgment Motion

March 19, 2004

CFTC's Motion for Summary Judgment in Commodity Futures Trading Commission v. Sterling forex LLC and Maurice L. Mills at the U. S. District Court for the Western District of Washington.

Forex ‘trader’ sues bankrupt firm for commissions on alleged profits

November 30, 2003

An offshore company which collapsed with massive losses amid allegations of fraud is being sued by a purported forex trader who claims he is owed commissions for making it a profit.Igor Toshchakov, of Los Angeles, California, filed a lawsuit against Orion International LLC, of Western Samoa, and its President, Russell B. Cline, at the U. S. District Court for the Central District of California on August 14, 2003.

Nevis firms sue alleged investment fraudsters

July 31, 2003

Four Nevis-registered firms who were members of a sham offshore credit union have filed a lawsuit alleging they were defrauded of approximately $3.7 million in a bogus foreign currency trading scheme. Diamond Investment Group LLC, Index Management Systems LLC, Austin Enterprises LLC and Bonita Holdings LLC filed an action at the U. S. District Court for the District of Oregon on July 11, 2003.

‘I’m not chief trader of Sterling forex Fund,’ writes Igor Toshchakov

January 16, 2003

Letter to the Editor from Igor Toshchakov, of Igrok Trading International LLC.

Unlicensed Genesis Fund collapses amid fraud allegations

October 31, 2002

An ordinary IBC in Nevis that operates as an unlicensed mutual fund has collapsed owing an estimated $50 million to approximately 1,100 shareholders.Approximately $100 million is believed to have gone into The Genesis Fund Ltd. but about half of it was repaid as interest payments, according to a client's representative.