This archive displays posts tagged as relevant to fraud in markets regulated by the Commodity Futures Trading Commission, the CFTC, or governed by the Commodity Exchange Act, the CEA. You may also be interested in the following pages:
The CFTC obtained a default judgment against Ryan Magee, his father David Magee, and Ryan’s wife Dalyne Rae Magee, all of Calgary, Alberta, Canada, in connection with a commodity pool fraud that victimized United States and Canadian participants; the order requires the defendants to pay over $3.2 million in restitution, disgorgement, and penalties. CFTC
The U.S. District Court for the Southern District of Florida ordered Harvard Assets LLC, London Assets Inc., and Harvard International Trading, Inc., all based in Florida, and their controlling person, Todd Owen Marshall, with a last known address in Deerfield Beach, Florida, to pay over $2.4 million in disgorgement and penalties for engaging in illegal, off-exchange precious metals transactions and registration violations. CFTC
The CFTC announced it has filed charges against Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton Beach, Florida, and Adam Roth of Boca Raton, Florida, and their Florida companies Slemmer Enterprises LLC, Dorrian Enterprises, LLC, and Roth Investment Group LLC for engaging in a $2.7 million precious metals and rare diamonds fraud scheme. CFTC
Rico Omar Cox (a.k.a. Omar Negron) of Dania Beach, Florida, has been ordered to pay $381,000 in restitution and a $560,000 civil monetary penalty for defrauding his clients in connection with commodity futures trading. CFTC
The CFTC charged Haena Park and her companies Phaetra Capital GP LLC, a/k/a/ Argenta Capital GP LLC, Phaetra Capital Management LP, a/k/a Argenta Capital LLC, and Argenta Group LLC, for engaging in a $23 million scheme to fraudulently operate a commodity pool and misappropriate pool participants’ assets. CFTC
The CFTC ordered Hong Kong-based bitcoin exchange, BFXNA Inc. d/b/a Bitfinex to pay a $75,000 penalty for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies, and for failing to register as a Futures Commission Merchant. CFTC
The CFTC ordered Cypress Wealth Management, Inc. and its former owners and operators, Ted L. Romeo of Pompano Beach, Florida, and Richard D. Schrutt of Tampa, Florida, to pay over $530,000 in penalties and restitution on charges that they illegally offered off-exchange financed transactions in precious metals to retail customers. CFTC
The CFTC ordered Citibank and its Japanese affiliates to pay a $175 million penalty for attempting to manipulate the Yen LIBOR and Euroyen TIBOR rates and false reporting of the Euroyen TIBOR and U.S. dollar LIBOR rates. CFTC