Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2016
Civil claims over alleged investor losses
A reported group of 318 claimants brought proceedings involving DMS Bank and a British Virgin Islands-domiciled client, alleging approximately £50 million in losses tied to CWM Group investments.
2016
Anthony Constantinou sexual-assault conviction
The founder and public figure associated with CWM was convicted of two counts of sexual assault and received a 12-month prison sentence. This was a personal conviction, not a corporate conviction against CWM FX.
2015
Police investigation and alleged investment fraud
A police raid led to 13 arrests on suspicion of fraud by false representation, conspiracy to defraud and money laundering. Reports focused on an alleged managed-investment offering promising 5% monthly returns and a wider alleged £50 million Ponzi scheme.
2015
Alleged targeting of the Gurkha community
Reports described an alleged CWM-linked investment solicitation campaign aimed at members of the United Kingdom's Gurkha community and offering promised monthly returns.