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September 1, 2016

Posted  September 1, 2016

The CFTC announced that a trial against Robert Escobio of Miami, Florida, and his companies Southern Trust Metals, Inc. and Loreley Overseas Corporation, has resulted in a final judgment requiring defendants to pay almost $2.5 million in restitution and penalties for engaging in a precious metals scheme and an unregistered futures scheme.  CFTC

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