By Eric Longabardi
The Enterprise Report has learned that Arthur A. Ferdig, a self proclaimed religious leader and financial head of a now defunct offshore wordwide currency trading operation known as 'Tradex' that failed over three years ago, leaving hundreds of investors and over a 100-million dollars in investor funds missing, has been indicted by a Federal Grand Jury in Los Angeles. He was arrested by federal agents last month.
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The charges are detailed in a recently unsealed Federal grand jury indictment obtained by TER. Ferdig is charged with allegedly failing to pay millions of dollars in U.S. taxes on income obtained via 'Tradex'. He also did not file a tax return for 15 years the government claims. Ferdig was arrested last month and remains in federal custody. Ferdig and others involved with 'Tradex' have been under investigation since at least 2006 by the FBI and other federal and state agencies.
The Enterprise Report was first to report on Ferdig and 'Tradex' in 2007 and what investigators then called a massive offshore 'Ponzi' scheme run by Ferdig out of Los Angeles, CA., Boca Raton, Florida and in various Caribbean islands, from Dominica to Jamaica. One Ferdig and 'Tradex' associate was previously convicted of federal charges and given a lengthy prison term. According to sources close to the federal case, others involved in the 'Tradex' operation are still under federal and state criminal investigation.
Ferdig is a longtime purveyor of various businesses that draw upon his claims of being able to talk with 'God and Angels'. He has a long history of involvement with other controversial religious groups going back to the 1980's in California. Ferdig's other business and investment operations sold books, CDs and he frequently spoke publicly about his beliefs across the country and around the world.
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