October 31, 2014-Atlanta
The FBI announced that Robert A. Christy, age 58, of Alpharetta, Georgia, was sentenced to four years and nine months for an investment scam involving currency trading.
“This defendant defrauded victims from across the country and, like many investment fraudsters, he preyed on seniors, retirees, and others simply looking for safe and secure returns,” said United States Attorney Sally Quillian Yates said. “In the end, his fraud was revealed and he has been held accountable for his actions.”
From 2008-2012, Christy held his firm Crabapple Capital Group, LLC as an established and legitimate investment firm that specialized in currency trading and had over $50 million in assets under management. Christy advertised a ‘conservative’ currency trading strategy.
The performance figures he provided to the public were fraudulent and he provided false monthly statements to investors. In reality the trading lost money and Christy used investor money on his personal expenses, stealing over a million.
Christy found most of his victims through affiliations with Christian liberal arts Grove City College, touting himself to be a Christian investor.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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