Forex Scammer Kevin Perry Sentenced to Three Years and Five Months Imprisonment

The U.S. Attorney's Office of the Northern District of Georgia announced that Kevin Perry, the man behind the investment fraud scheme Lucrative Pips, has been sentenced to an imprisonment of three years and five months. He was also fined of  $438,799 in restitution.

Kevin Perry convinced many retail investors that Lucrative Pips, a fake forex scam which has never been registered with the authority, was a profitable trading project that can help them make substantial returns through sales pitches. But as a matter of fact, the profitable scheme was a trap, causing a total loss of more than $430,000 to investors.

Mr. Perry started the fraudulent scheme when he was a teenager and is now 23. He never stopped his fraudulent investment pitches to potential investors even after the CFTC filed a civil complaint against him. 

Kurt R. Erskine, Acting U.S. Attorney, said: “During this pandemic, many have lost jobs and businesses while criminals continued to prey on unsuspecting citizens. Perry’s brazen actions, which included his continued scamming after a complaint was filed ordering him to cease, landed him in prison.”