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August 17, 2017

Posted  August 17, 2017

The Commodity Futures Trading Commission (CFTC) announced that Judge William P. Dimitrouleas of the U.S. District Court for the Southern District of Florida entered a Consent Order against Defendants Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton Beach, Florida, Adam Roth of Boca Raton, Florida, and their former respective Florida companies Slemmer Enterprises LLC, Dorrian Enterprises, LLC, and Roth Investment Group LLC, finding that the defendants fraudulently solicited customers in connection with precious metals and diamonds transactions, misappropriated customer funds, and concealed their fraud with false account statements. The defendants executed the scheme using the business names Berkley Hard Asset Group, Berkley Hard Assets, and Berkley Rare Diamonds (the Berkley Enterprise). The Order requires the Defendants to pay, jointly and severally, $2,738,040 in restitution to defrauded customers and a $2,738,040 civil monetary penalty. The Order also imposes permanent trading and registration bans against the defendants, among other things, and prohibits them from committing further violations of the Commodity Exchange Act and CFTC Regulations, as charged. CFTC

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