Orion International

Insider Talking: August 3, 2005

August 3, 2005

Banc Caribe liquidator & National Bank of Dominica settle litigation with Cash 4 Titles receiver; former house painter Russell Cline enters into plea agreement in Oregon concerning fraud and money laundering charges; and US authorities continue with attempt to seize assets of former Ukraine Prime Minister Pavlo Lazarenko.

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.

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.

Forex trader Sterling forex closes after OffshoreAlert story and CFTC action

November 30, 2002

Five weeks after being exposed in the September 30, 2002 edition of OffshoreAlert, Washington state based Sterling forex LLC has stopped operating and its clients have incurred substantial losses.The firm sent its clients a letter on November 15 stating that

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.