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Page 38 of 39

March 3, 2015

A New York federal court ordered Mark Evan Bloom of Monmouth Beach, New Jersey, and his firm North Hills Management, LLC to pay a $26 million civil monetary penalty for operating a fraudulent commodity pool called North Hills LP and misappropriating customer funds.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

February 26, 2015

Kevin G. White of The Woodlands, Texas, who orchestrated a $7.4 million commodity pool investment scam during which he misappropriated approximately $1.7 million from pool participants, was sentenced to over eight years in federal prison.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

February 13, 2015

A federal court ordered Scott M. Ross, formerly of Gilberts, Illinois, and his companies, Maize Capital Management, LLC and Maize Asset Management, LLC, to pay $6.7 million in restitution and civil penalties for defrauding investors, mishandling customer funds, and failing to register as a commodity pool operator.  CFTC

Tagged in: Financial and Investment Fraud, Fraud in CFTC-Regulated Markets,

February 4, 2015

Chief Judge Linda R. Reade of the U.S. District Court for the Northern District of Iowa ordered U.S. Bank National Association to pay $18 million dollars to be returned to Peregrine Financial Group, Inc. customers over allegations of misappropriation of customer funds.  CFTC

Tagged in: Financial and Investment Fraud, Fraud in CFTC-Regulated Markets,

February 3, 2015

Judge Cormac J. Carney of the U.S. District Court for the Central District of California entered an emergency restraining order freezing assets and prohibiting the destruction or concealment of books and records of defendants Christopher Valois, Cynthia Wong, and their companies, Bertram Trade LLC and Churchhill Commodities Trading LLC, all of Orange County California.  The judge set a hearing date for February 12, 2015.  CFTC

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

January 26, 2015

The CFTC ordered Anthony Lauria and his company, Gold Coast Bullion, Inc. to pay more than $9.6 million to settle charges of engaging in an illegal, off-exchange precious metals scheme and for committing fraud in connection with those illegal transactions.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,

January 21, 2015

A New York federal court has ordered Michael Kardonick, Gary Shapoff, and Atwood & James to pay a penalty of over $2 million and has imposed a permanent trading ban over allegations of Forex options fraud and misappropriation.  CFTC

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

January 21, 2015

Bharat Adatia and his companies, Lions Wealth Holdings, Lions Wealth Services, and 20/20 Precious Metals have been ordered to pay over $5.3 million in sanctions for an alleged fraudulent precious metals scheme.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

January 20, 2015

The CFTC settled charges against Singapore-based Olam International, Ltd., which operates a futures trading desk in London, and its subsidiary, Olam Americas, Inc., based in Summit, New Jersey, requiring them to pay a $3 million civil monetary penalty.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,

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