Michael Philip Atkins, 51, was extradited from the United States to Singapore in March 2023.
Michael Philip Atkins was extradited from the United States to Singapore in March 2023. was sentenced to 39 months’ jail on Thursday for running a fraudulent multi-million dollar foreign exchange investment scheme.
Atkins, a US citizen, was a director and shareholder of Aureus Capital. The company offered an investment scheme between April 2013 and July 2014 where it would trade in leveraged foreign exchange on behalf of clients. However, only a small part of their funds were used for trading, with the company actually incurring losses from its trading activities.
Atkins was first arrested and released on bail with his passport impounded in July 2014. But he later failed to the police as required.
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