September 8, 2015

The CFTC has charged Rodney Scott Phelps, Jason T. Castenir, and the companies they control – Maverick Asset Management, LLC and Maverick Investment Holdings, LLC – with fraudulently soliciting at least $1.2 million from members of the public to trade commodity futures in a pool, misappropriating more than $800,000 of pool participants’ funds for their personal use, and misrepresenting the profitability of their trading.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,