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August 5, 2015

The District Court for the Southern District of New York ordered Wayne P. Weddington III and his companies Brunswick Capital LLC and Brunswick Capital Partners LP to pay over $1 million in penalties and restitution for defrauding customers.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

August 3, 2015

The CFTC has charged Husam Tayeh of Oak Lawn, Illinois, as well as Nevada corporations Dinar Corp., Inc. and My Monex, Inc., with operating a fraudulent scheme involving foreign currency (forex) and failing to register with the CFTC.  CFTC

Tagged in: Foreign Exchange,

July 31, 2015

Keith F. Simmons and his company, Black Diamond Capital Solutions, LLC, and Deanna Salazar and her companies, Life Plus Group, LLC and Black Diamond Holdings, LLC, have been hit with a $76 million penalty for running a foreign currency exchange (forex) Ponzi scheme.  CFTC

Tagged in: Foreign Exchange, Ponzi Schemes,

July 22, 2015

Attorney Jay Bruce Grossman, who practices law in Fort Lauderdale, Florida will pay close to $1 million in penalties and restitution for aiding and abetting multiple clients in their operation of illegal and fraudulent precious metals schemes.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

July 10, 2015

A federal court in North Carolina fined Carl David Wright $1 million for operating a commodity pool fraud in violation of the Commodity Exchange Act, following a criminal case against Wright which concluded last year with a 4-year prison term and criminal fine.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

July 6, 2015

The CFTC has filed a civil enforcement action against Yumin Li, from the People’s Republic of China, and Kering Capital Ltd., a British Virgin Islands company, with fraud, engaging in fictitious transactions, and trading noncompetitively in violation of the Commodity Exchange Act and CFTC regulations.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

June 24, 2015

The CFTC has charged Nick A. Wurl and his company Ludiera Capital LLC, both of Chicago, Illinois, with fraud, misappropriation, and the issuance of false statements in connection with a $9 million investment pool scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Misrepresentations,

May 20, 2015

The CFTC fined Barclays $400 million for attempting to manipulate the foreign exchange benchmark rates and another $115 million for attempting to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix.  CFTC and CFTC

Tagged in: Foreign Exchange, Fraud in CFTC-Regulated Markets,

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