USG Liquidator Petitions for Former Executives to Pay Back Remaining Debts

[kreslik.news]

The ongoing legal saga surrounding FX broker USG Capital continued this week as the company’s court-appointed liquidator requested that its former employees be held responsible for the company’s debts. According to Globes, the liquidator will also seek the foreclosure of the owners’ properties.

USG’s legal problems stretch back to December 2015 when the company was taken to court for unregulated investment activities. The NIS 70 million ($18 million) class-action lawsuit was launched by a former client who claimed that, on top of its unlicensed activity, the firm charged illegal commissions and fees.

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