September 8, 2015
The CFTC has charged
Rodney Scott Phelps,
Jason T. Castenir, and the companies they control -
Maverick Asset Management, LLC and
Maverick Investment Holdings, LLC – with fraudulently soliciting at least $1.2 million from members of the public to trade commodity futures in a pool, misappropriating more than $800,000 of pool participants’ funds for their personal use, and misrepresenting the profitability of their trading.
CFTC