willem marx worked to track down those responsible for this scam.t the very edge of europe a financialsense is wild west. the syndicate based in former soviet states traded a site called secureinvestment.com who persuaded investors around the world to wire millions of dollars for massive returns in forex trading. but this was really clever. what was clever about it was not only did you want to invest with him, is the way it was structure, you did not want to take money out. greg david is a seismologist in texas. he had been a day trader for years when he opened a -- an account with website. he was instructed to wire money to an account in cyprus. and he watched as his virtual profits grew on 90 state. but in may of this year, secureinvestment.com and much of simplytial invest vanished. >> everything was just a lie. >> it had to be. >> but a convincing lie. >> one of the best ones ever, yeah. >> we wanted to find out where his money ended up. our investigation led us around the world, and the most directly for where the funds ended up was the only di

willem marx giving us the latest.ack, we are to be speaking with someone who knows this story very well. we will be speaking to senator richard blumenthal. ♪ >> welcome back. >>we are about moving markets. our interview with bill ackman sent several stocks flying, moving in a big way. sammy and freddie are both up huge after he has said he has added to his position in both companies over the past few weeks. many people have said, we are leaving the fannie, freddie trade. many investors have said there is nothing left in the trade. can a guy like bill ackman say, of course you can fight the government. if they break the law, they break the law. that heteworthy continues to be in the trade and add to his position. >> he is continuing to fight and has talked about taking it to the supreme court. >> he has got brass balls. it is pretty clear to me that he has an iron gut. 4%balife sells as much as that he has new evidence that is that a pyramid scheme. pretty much every single time bill has spoken on record, on tv, via ph

willem marx will have a bloomberg special report today, "chasing the scammers in latvia.changes in u.s.-cuba relations

after latvia's adoption last year and estonia in 20 oh 11 -- 2011, willem marx visits there.ook to lithuania membership we have to ask how the euro is going to be better for lithuania than having the lead tough -- having the litas. >> is such a tiny country and think they are saying, without this, we will be struggling. they have paid their currency to the dollar, and into the euro for the last 20 years. they have never had any say in monetary policy. finally, by joining the european council they will have a voice, their level is saying this is what we want. they will be a very small voice compared to the u.k. and germany but a voice. >> a tiny country, but one by membership in the eurozone inherits a lot of big problems. >> this is also true. from that perspective, they have had a couple of banking crises in the past couple of years. one thing they're looking forward to is the bank resolution fund, which is of the day have not been worried about. from their perspective, that is an advantage. but you are right, across the eurozone there has been a host of problems. >> and the

bloomberg markets magazine teamed up with willem marx to track those responsible for the scam. >> beyond-- beyond this fence is a financial wild west where a multibillion-dollar fraud flourished, far beyond the reach of financial regulation. it created a site called secureinvestment.com, persuading investors to wire millions of dollars for massive returns in forex trading. >> what was clever about it was not only did -- the way it was not taked, they did money out. >> monday night. >> david kane had been a day trader for years when he opens an account with the website. he was instructed to wire $2500 from his bank, wells fargo, to in cyprus. then he watched as his virtual profits grew online each day. but then in may of this year, investment.com vanished. along with his investments. >> so everything was a lie. >> it had to be. one of the best ones ever. >> we wanted to find out where his money ended up. our investigation led us around the world. the most directly was the only named director of a holding company. his home address was 5.5 thousand miles away in europe. a lawyer from latvia