Forex Fraud: The Crown Forex SA Saga - Feds Target Longtime Associate Of Cook's
Feds target longtime associate of Cook's
by: DAN BROWNING, Star Tribune
Warrants show they are looking at Gerald Durand, who did business with him for years.
It appears that the investigation into Trevor Cook's $194 million international Ponzi scheme is far from over.
A half-dozen federal search warrants unsealed Wednesday in St. Paul reveal that one of Cook's longtime associates has agreed to plead guilty in the case and is working with federal agents zeroing in on Gerald Durand, a Faribault entrepreneur.
Durand was deeply involved in the decisionmaking at Cook's enterprise, court records indicate. The two had done business together since the 1990s, starting out in coins. In February 2008, Durand traveled to Switzerland to investigate a report that Crown Forex SA, which was handling Cook's currency trades, was teetering on the edge of bankruptcy and had just $1 million left in its accounts.
by: DAN BROWNING, Star Tribune
Warrants show they are looking at Gerald Durand, who did business with him for years.
It appears that the investigation into Trevor Cook's $194 million international Ponzi scheme is far from over.
A half-dozen federal search warrants unsealed Wednesday in St. Paul reveal that one of Cook's longtime associates has agreed to plead guilty in the case and is working with federal agents zeroing in on Gerald Durand, a Faribault entrepreneur.
Durand was deeply involved in the decisionmaking at Cook's enterprise, court records indicate. The two had done business together since the 1990s, starting out in coins. In February 2008, Durand traveled to Switzerland to investigate a report that Crown Forex SA, which was handling Cook's currency trades, was teetering on the edge of bankruptcy and had just $1 million left in its accounts.
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