Forex scam: MMA boss sentenced to two years in jail | GulfNews.com:
"MMA group’s CEO Malik Noureed Awan, 28, has been sentenced to two years in jail on charges of fraud.
On October 30, a Dubai court delivered the guilty verdict against the Dubai-raised Pakistani businessman, who was arrested in April this year after his Ponzi-like investment scheme collapsed spectacularly and left behind a long trail of devastated investors.
Details of the verdict are not yet known but investors who put their hard-earned money into the company’s dubious online foreign exchange trading arm, MMA Forex, have hailed the verdict."
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