The Department of Justice (DOJ) confirmed today that 25-year old Forex trader Kelvin Ramirez has pleaded guilty to wire fraud. The trader, who falsely claimed he was successful, faces a maximum penalty of 20 years in prison. Ramirez pleaded guilty today in the Southern District of Texas to defrauding investors that he solicited via social media by falsely promising high rates of return and low or no-risk returns on FX investments. According to court documents,Ramirez, of Houston, used social media platforms to falsely promote himself as a successful Forex trader. Through his Instagram accounts, Ramirez marketed ... (full story)