FxWinning Sued by Investors

A group of investors, led by Cody Kerns and represented by the reputable law firm Sanchez Fischer Levine, LLP, has taken legal action against the forex trading platform FxWinning, Ltd. The lawsuit, filed in the Complex Business Litigation Division in Miami-Dade County, Florida, seeks more than $28 million in damages. The defendants in the case are FxWinning's owners and partners, namely David Merino, Renan da Rocha Gomes Bastos, Jonathan Lopez, Julian Kuschner, and Rafael Brito Cutie. The allegations include conspiracy to commit fraud, deceptive trade practices, and other related offenses.

FxWinning Limited, as stated on one of its websites, is registered in Hong Kong and operates two forex trading websites: fxwinning.net and fxwinning.pr.

The comprehensive 27-page lawsuit, filed by the Miami-based law firm, accuses FxWinning of using its trading platform and acclaimed trading algorithm to attract substantial investments through false promises, misrepresentations, and outright lies. The plaintiffs assert that FxWinning and its agents orchestrated a sophisticated scheme to entice them into investing more, based on the false assurance of high returns. The complaint even includes a screenshot of FxWinning's website claiming to “guarantee the best spreads and trading conditions.”

According to the plaintiffs, after they collectively deposited millions of dollars, FxWinning abruptly halted all withdrawals from client accounts, citing a compliance audit. Despite later informing the investors that they had passed the compliance requirements, FxWinning unexpectedly shut down its websites, leaving the plaintiffs with no means of withdrawing their funds and effectively stealing their investors' money. FxWinning Limited, as stated on one of its websites, is registered in Hong Kong and operates two forex trading websites: fxwinning.net and fxwinning.pr.

“We are eager to pursue this matter in court and delve into discovery as soon as possible,” stated David M. Levine, Esq., lead counsel for the plaintiffs. “Our clients trusted FxWinning with substantial amounts of money, and we will be diligent and unwavering in our pursuit of justice for these claims.”