Son of forex fraudster to pay over dad’s forex ponzi scheme

Two years after being charged with operating a Ponzi scheme through his company CRW Management LP that solicited at least .9 million from more than 250 investors, ostensibly to perform foreign exchange trading Ray White on Tuesday was sentenced to 10 years in prison.

Law360, New York (September 29, 2011, 5:47 PM ET) — A Texas race car driver whose career was subsidized by his imprisoned father’s .9 million Ponzi scheme agreed to give up 2,000 in ill-gotten gains on Tuesday in a suit brought by securities regulators over the scam.

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