

The Trading Coach Podcast
1356 - $215 MILLION GONE: How One Trading Scam Fooled Everyone
Aug 13, 2026
20:08
E1356
-(0)
About this episode
Imagine doing everything right as a trader… managing your risk, following your strategy, and protecting your capital—only to discover your broker never actually had your money. The Peregrine Financial Group scandal exposed a nearly 20-year fraud involving more than $215 million in stolen customer funds. Here’s what happened, how the scam went undetected for so long, and the critical lesson every trader needs to learn about broker and counterparty risk. Please leave a rating/review before you go! Your Trading Coach - Akil
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Episode Details
- Author
- Akil Stokes
- Show Type
- full
- Audio Format
- audio/x-m4a