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St. Charles County Currency Trader Faces Federal Mail Fraud Charges
By Bob Hudson
Aug 25, 2010 - 2:49:19 PM

A St Charles County currency trader faces federal charges in an indictment that was handed down on August 19th, but was sealed until he turned himself into authorities

Prosecutors say Randall Stuckey was supposed to get 20% of any profits he got for his clients, but federal prosecutors charge that Stuckey invented a profit of $2.4 million for his clients when his business faced losses, so that he would still get paid. Prosecutors say those millions in client accounts has now shrunk to $800,000, and Stuckey now faces a federal criminal indictment for mail fraud

The indictment was handed down August 19th, but was sealed until Stuckey turned himself in Wednesday. It seeks forfeiture of up to $2.4 million from a variety of bank and investment accounts linked to Stuckey.