Oasis International Group Ltd.

Date:

June 17, 2019

Type of alert:

Ponzi Scheme  

The Commodities Futures Trading Commission recently won an entry of default against Oasis International Group Ltd. (Oasis International), an investment firm on Longboat Key that is charged with operating a $75 million foreign currency trading scheme.

Oasis International’s CEO, Michael DaCorta, Oasis principals Joseph Anile II and Francisco “Frank” Duran, and several other individuals were accused of misappropriating funds from at least 700 investors. The complaint alleges that they used the money to pay for exotic vacations, homes, sports tickets, college tuition, and loans to family members, among other things. At least $28.9 million of investors’ funds were used for Ponzi payments.

Contact Us If You Believe You Have a Case

  • This field is for validation purposes and should be left unchanged.

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer