Apr 25, 2026
Mars FX Hedge Fund Collapse: $600 Million Missing and Nobody Knows Where It Went
FinanceDavid ChoiDeloitte Audit ScandalFinancial Fraud 2024Hedge Fund FraudInvestor ProtectionMars FXNovus CapitalSEC Investigation
TLDR: Mars FX reported 19% annual returns with zero losing months, a pattern no legitimate fund has ever sustained in history. Novus directed investor funds to an unnamed BVI partner later identified as TRFX, which had been offline since 2022. Deloitte issued clean audit opinions yearly without independently verifying whether the reported fund assets actually [...]
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