MIAMI (AP) -- Two men have been charged with mail and wire fraud in Florida for their alleged involvement in a Ponzi scheme
involving foreign currency markets, or forex.

Federal prosecutors announced Wednesday the arrests of
38-year-old Pedro De Sousa of Orlando and 41-year-old Guillermo Rosario of San Juan, Puerto Rico.

The indictment says the two operated businesses called FX
Professional Solutions and FX Professional International Solutions.

They solicited investors in Miami-Dade, Broward and Palm Beach counties and lied about their experience with trading in foreign currencies.

Along with facing prison time for the criminal charges, the
Commodity Futures Trading Commission wants the men to pay fines and repay investors.