Former New York cop charged with swindling investors in foreign exchange trading fund

• A former New York City police officer was indicted for conspiracy to commit wire fraud after he allegedly lied to investors and lost most of the $4.8 million they put into his foreign exchange-focused investment fund, prosecutors said.
• Ex-cop Jason Rodriguez is accused of falsely promising investors in his fund, Technical Trading Team, that there would be guardrails to protect the trading risks for their money.
• "Rodriguez ignored those guardrails and lost millions in investor funds and also misappropriated hundreds of thousands of dollars which he used to pay for luxury car rentals, travel and other personal expenses," said Brooklyn U.S. Attorney Breon Peace.
• The Commodity Futures Trading Commission last fall sued Rodriguez and TTT CEO Edwin Carrion for related conduct.

A former New York City police officer was indicted for conspiracy to commit wire fraud after he allegedly lied to investors and lost most of the $4.8 million they put into his foreign exchange-focused investment fund, prosecutors said Wednesday.

Ex-cop Jason Rodriguez, 37, is accused of falsely promising investors in his fund, Technical Trading Team, that there would be guardrails to protect the trading risks for their money. That included a vow to never put a maximum of 1% of investors' funds at risk at any given time, the indictment says.

"In reality, Rodriguez ignored those guardrails and lost millions in investor funds and also misappropriated hundreds of thousands of dollars which he used to pay for luxury car rentals, travel and other personal expenses," said Brooklyn U.S. Attorney Breon Peace.

Peace's office said that as Rodriguez, who was arrested Wednesday, lost an increasing amount of money in trading in foreign exchange, he used money from new