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CFTC Enforcement Actions

The Commodity Futures Trading Commission (CFTC) is the United States agency with primary responsibility for enforcing the Commodity Exchange Act (CEA) and regulating commodity futures and related markets. Whistleblowers with knowledge of violations of laws and regulations enforced by the CFTC can submit a claim under the CFTC Whistleblower Reward Program, and may be eligible to receive a monetary reward and protection against retaliation by employers.

Below are summaries of recent CFTC settlements or successful enforcement actions. If you believe you have information about fraud which could give rise to a CFTC enforcement action and claim under the CFTC Whistleblower Reward Program, please contact us to speak with one of our experienced whistleblower attorneys.

April 1, 2015

The CFTC filed a civil enforcement complaint in the District Court for the Northern District of Illinois against Kraft Foods Group, Inc. and Mondelēz Global LLC, headquartered in Northfield and Deerfield, Illinois, respectively, for manipulation and attempted manipulation of the prices of cash wheat and wheat futures.  CFTC

March 31, 2015

The CFTC filed a lawsuit charging Maverick International, Inc. and its principals, Wesley Allen Brown and Edward Rubin, with operating a fraudulent commodity pool.  CFTC

March 30, 2015

The CFTC announced that the District Court for the District of Columbia entered an order against Daniel Shak of Las Vegas, Nevada, for his violation of a prior CFTC Administrative Order; Shak must pay a $100,000 civil monetary penalty for violating the terms of the CFTC order regarding his attempt to manipulate the price of crude oil futures contracts on the NYME and violating speculative position limits.  CFTC

March 27, 2015

The CFTC announced that the District Court for South Carolina entered an order of permanent injunction against Robert Stanley Harrison of Easley, South Carolina, permanently banning him from engaging in commodity-related activity.  CFTC

March 23, 2015

The CFTC ordered Marubeni America Corporation, a dealer and merchant of agricultural commodities and the largest overseas subsidiary of Japan-based Marubeni Corporation, to pay $800,000 for inaccurately reporting positions in grains futures.  CFTC

March 3, 2015

The CFTC announced that a complaint it filed under seal on February 25, 2015, charges Jerry Stauffer of Traverse City, Michigan, with fraudulently soliciting close to $1 million from the public to trade foreign exchange in a commodity pool by guaranteeing pool participants a monthly return on their investment based on profits purportedly earned from forex trading.  CFTC

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

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

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
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