June 13, 2018

The CFTC has charged an LLC, Omega Knight 2, and two of its members, Aviv Michael Hen and Erez, with previous metals fraud. According to the agency, the defendants engaged in illegal, off-exchange transactions in previous metals and failed to register their trades with the CFTC. The defendants also allegedly made false statements to induce customers to enter various kinds of precious metals transactions, receiving over $5.5M from 90 different customers. CFTC

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