DETROIT, MI – An ex-FBI special agent has pleaded guilty to defrauding investors in what federal authorities have called a foreign currency or “forex” trading scheme.
Jeffrey Royer was originally accused of commodities fraud and wire fraud after allegedly carrying out the scheme starting in early 2020.
According to his 2024 indictment, he reportedly generated and sent fictitious monthly account statements to investors, claiming success before emailing investors their money was gone by June 2023…