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Va. U.S. Attorney: Automated Trading Bots Scheme Results in Millions of Dollars, Teslas, Rolexes, and Federal Wire Fraud Convictions
August 30, 2024
ALEXANDRIA, Virginia, Aug. 30 -- The office of the U.S. Attorney for the Eastern District of Virginia issued the following news release on Aug. 29, 2024:

A Great Falls man pled guilty on July 23 to wire fraud and a Florida man was sentenced yesterday for his role in the wire fraud conspiracy.

According to court documents, Rick Tariq Rahim, 56, defrauded customers who wanted to invest using Rahim's automated trading bots, some of which traded forex, and by "copying& . . .

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