Stanislaus County man indicted, charged with $2.7 million forex trading fraud

(FOX40.COM) — A Stanislaus County man has been indicted on charges of wire fraud for a scheme that defrauded investors of at least $2.7 million, officials said.

According to the United States Attorney’s Office, 27-year-old Eshaq M. Nawabi, of Salida, had an eight-count indictment returned against him by a federal grand jury for the scheme.

Court documents said that between October 2019 and February 2022, Nawabi convinced victims that he was a successful trader in the foreign currency exchange, commonly known as the forex market…

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