DETROIT — A Montrose man was indicted by a federal grand jury in Detroit for allegedly defrauding investors in a foreign currency, or forex, trading scheme.
Jeffrey A. Royer, 61, of Montrose, faces one count of commodities fraud and one count of wire fraud.
According to the US Attorney’s Office for the Eastern District of Michigan, Royer served as a special agent with the Federal Bureau of Investigation (FBI) from 1996 to 2001. He was convicted in 2005 of federal securities fraud and released from federal prison in 2012 after completing his sentence…