Mediatrix Capital Inc., along with its affiliated funds, was founded by Michael Young, Michael Stewart, and Bryant Sewall. The company solicited over $125 million from investors globally by promising exceptionally high returns from a supposedly proprietary and highly successful algorithmic trading strategy in the foreign exchange (forex) markets. However, instead of generating profits, the firm incurred massive trading losses. To conceal these losses and maintain the illusion of success, the company allegedly used new investor funds to pay fictitious returns to earlier investors and misappropriated millions for personal use by the principals. In September 2019, the SEC charged the company and its founders with fraud, obtaining an emergency asset freeze and halting the operation.

Founded in

Mexico