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March 18, 2019

Posted  March 18, 2019

Royal Metals Group, LLC, and part owner, Chelsea Gless have been ordered by the U.S. District Court for the Southern District of New York to pay over $2.3 million for fraudulent misrepresentations and misappropriation of customer funds in a precious metals scheme.  The order requires the defendants to pay restitution of $584,549.84 to defrauded customers and a $1,753,647 civil monetary penalty. The defendants are also permanently banned from trading regulated commodities and registering with the CFTC. CFTC



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