Business
Wolf of Wall Street wannabe fined $20 million for unconscionable conduct – The Australian Financial Review
Forex Capital Trading and its director, Shlomo Yoshai, used high-pressure sales tactics to take advantage of vulnerable and inexperienced people, the Federal Court…
An Australian Securities and Investments Commission investigation into the firm revealed an office culture dominated by sales, where bells were rung when targets were reached, games with cash prizes were played on the trading floor, and customers were pressured into depositing more funds and delaying withdrawals by staff.
At times the companys St Kilda Road headquarters resembled a casino with management encouraging staff to play roulette, Wheel of Fortune and dice games in the office for cash bonuses.
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