Chilean IM Forex Lawyers-Up to Defend Against Money Laundering Accusations
15 Jun 2016

Chilean money manager IM Forex which has been recently involved in a controversy involving local authorities withholding company funds to the tune of $1.8 million has lawyered up as a trial against the company is on its way.

The company has hired several more lawyers headed by Matías Balmaceda, who has experience in a variety of similar cases and has already won against the chief accuser of IM Forex José Antonio Villalobos. The company has also on-boarded former fiscal authorities official Iván Millán who throughout his career held a senior role at the district attorney’s office.

According to the defendants of IM Forex the district attorney’s office can not proceed with its “Ponzi scheme” accusations and is looking for other “non-existent” charges against the company.

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