Impostors Franco Lombardo and Jordan Barta unlawfully using FXStreet brand to defraud people

FXStreet has identified that two fraudsters are claiming to be associated with the firm and sending correspondence via LinkedIn to request bank account information from individuals.

There is an old adage that infers that imitation is the greatest form of flattery.

In some cases, however, imitation is absolutely the opposite.

This week, FXStreet CEO Carolina May has identified two impostors who are, according to her statement, making attempts to dupe people out of money by falsely stating that they represent FXStreet.

FXStreet is a long-established and highly reputable news source, used by many retail traders globally, that provides news and real time FX market analysis, exchange rates, charts and an economic calendar, along with important industry-related news.

Carolina May FXstreet CEO
Carolina May, CEO, FXstreet

It has vast coverage and is well recognized among all sectors of the FX industry, therefore these two individuals, who are completely unrelated to FXStreet, can easily misuse the name in order to appear that they are offering a reputable service.

Ms. May stated this morning “Please be aware as there is an individual under the names of Jordan Barta and Franco Lombardo trying to collect people’s money using our renowned brand. These individuals never worked nor collaborated with FXStreet.”

Mr. Lombardo’s LinkedIn profile shows that he is Sales Director at Discover Financial Services, and that he is based in Salt Lake City, Utah, whereas his summary states that he is based in Italy.

He makes references to FXStreet and has a listing on his LinkedIn profile that states that he is associated with FXStreet.

The LinkedIn profile of the other individual, Jordan Barta, has been removed.

According to FXStreet, the majority of the unlawful solicitations were made via LinkedIn in which the two impostors sent correspondence to individuals, asking them to provide bank details and personal information before signing the correspondence under their names as representatives of FXStreet.

NOT an employee or representative of FXStreet

Featured image: FXStreet CEO Carolina May.

Read this next

Institutional FX

B2C2 opens new office, seeks MPI license in Singapore

Cryptocurrency market maker and liquidity provider, B2C2 has expanded its operations in the Asia-Pacific (APAC) region with a new office in Singapore. The move builds on B2C2’s existing presence in Japan and other major financial centers.

Retail FX

Prop firm The Funded Trader to clear withdrawals ahead of relaunch

Prop trading firm The Funded Trader has announced a series of measures to address recent operational challenges and resume its services. The company detailed these plans in a series of tweets on X, outlining changes and updates “aimed at stabilizing and improving operations.”


Multipool Sells Out Fjord Foundry LBP

With the close of the LBP, Multipool launched their native token, $MUL, on Uniswap V3 today with a market cap of $13M.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: FED, ECB, Global Inflation, May 27 ,2024

Central banks walk a tightrope: Fed stays hawkish on inflation, ECB eyes rate cuts but waits on data. This could cause currency swings and impact global economic growth.

Metaverse Gaming NFT

Despite $1 billion lawsuit, Cristiano Ronaldo launches new Binance NFTs

Cristiano Ronaldo has unveiled his fourth non-fungible token (NFT) collection in collaboration with Binance. The new collection is set to debut on the Binance NFT Marketplace this week, featuring highlights from Ronaldo’s football career.

Market News, Tech and Fundamental, Technical Analysis

GBPJPY Technical Analysis Report 27 May, 2024

GBPJPY currency pair can be expected to rise further toward the next resistance level 202.00, which is the target price for the completion of the active impulse wave 3

Digital Assets

Celebrity X accounts hacked to promote meme tokens

Several celebrity and influencer X accounts on social media platforms have been hacked, with the attackers promoting various cryptocurrencies and meme tokens.

Digital Assets

Silk Road founder to walk free if Trump re-elected

Donald J. Trump has vowed to commute the life sentence of Silk Road founder Ross Ulbricht to time served if he is re-elected as president.

Industry News

UF AWARDS Global 2024: Nominations Closing Soon!

There is still time to nominate your brand at this year’s prestigious UF AWARDS Global 2024.