Following the previous arrest of 13 of its employees, when forex brokerage house CWM FX faced raid of London police fraud squad, we could see today its website taken down. This broker became famous as it signed an agreement with Chelsea FC to became its official sponsor for three years (until 2018) and can use Chelsea’s digital media channels for its forex products and services. Official website of cwvfx.com informs only ‘We are sorry for the inconvenience’ and tell customers to use phone or email contact. Arrests from last Tuesday were made due to suspicion of money laundering, as well as fraud by false representation and conspiracy to defraud. The police raid was supported by the UK’s financial regulator the Financial Conduct Authority (FCA).
