Enforcement Actions

2002 Enforcement Actions

• CFTC CHARGES CHICAGO FUTURES FIRM AND ITS PRESIDENT WITH FAILURE TO SUPERVISE; Robbins Futures, Inc. and Joel Robbins Ignored Signs of Ponzi Scheme, 4731-02, December 30, 2002   Complaint
• CFTC SUES LAS VEGAS MAN FOR FRAUDULENTLY PROMOTING HIS COMMODITY TRADING METHOD; CFTC Alleges Charles Cox Made False Claims Concerning Profits Generated by His Commodity Trading Method, 4730-02, December 24, 2002  Order
• CFTC SETTLES COMMODITY FRAUD ACTION AGAINST MARYLAND MAN AND FIRM; District Court Orders Defendants Peter Scott and Rothlin & Windsor Capital Management, Inc. to Pay $13.9 Million in Restitution and Civil Monetary Penalties, 4729-02, December 23, 2002  Order
• DYNEGY MARKETING AND TRADE AND WEST COAST POWER LLC PAY $5 MILLION TO SETTLE CFTC CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; Energy Companies Settle Claims Under the Commodity Exchange Act That They Intentionally Reported False Natural Gas Price and Volume Information to Energy Reporting Firms in an Attempt to Affect Prices of Natural Gas Contracts, 4728-02, December 19, 2002  Order
• COMMODITY FUTURES TRADER CHARGED WITH $1.5 MILLION FRAUD; U.S. GOVERNMENT AND UTAH ATTORNEY GENERAL ALLEGE FRAUD AND THEFT BY DECEPTION; Federal Court Freezes Assets and Bars the Destruction of Books and Records, 4726-02, December 12, 2002  Complaint
• CFTC FINDS COMEX FLOOR BROKERS HENRY CHANDLER AND ERNEST PENNY COMMITTED FRAUD IN EXECUTING GOLD OPTIONS TRADES, AND FIVE OTHER FLOOR BROKERS ENGAGED IN NONCOMPETITIVE TRADING, AMONG OTHER VIOLATIONS OF THE FEDERAL COMMODITIES LAWS; CFTC Accepts Offers of Settlement from Henry Chandler, Robert Ferraioli, Michael Hammer, Ernest Penny, Tacho Sandoval, William Wosnack, and Stephen Seelenfreund, 4725-02, December 12, 2002  Order
• CFTC SUES IDAHO MAN FOR FRAUDULENTLY PROMOTING HIS COMMODITY TRADING SYSTEM; CFTC Alleges John Stenberg Made False Claims Concerning Profits Generated by His Commodity Trading System, 4722-02, November 7, 2002   Order
• NEW YORK FLOOR BROKER SETTLES CFTC ACTION CHARGING RECORDKEEPING VIOLATIONS; CFTC Order Requires Daniel Lipton to Pay A Civil Monetary Penalty and Restricts His Registration for Two Years, 4719-02, October 28, 2002   Order
• FLORIDA COURT FINDS TWO FLORIDA RESIDENTS AND THEIR FIRM COMMITTED COMMODITIES FRAUD; Defendants Matrix Trading Group, Inc., David Wedeen, and Christopher Smithers Are Ordered to Pay Restitution to Victims and Are Permanently Banned from All Commodity-Related Activity in CFTC Action, 4716-02, October 24, 2002  Order
• MICHIGAN COMMODITY TRADER SETTLES CFTC COMPLAINT CHARGING COMMODITY POOL FRAUD; Consent Order Finds that John F. O'Herron and O'Herron Asset Management, Inc. Fraudulently Diverted Approximately $1.4 Million of Investor Funds for Their Own Use, 4713-02, October 16, 2002  Order
• WASHINGTON STATE COMMODITY TRADING FIRM CHARGED WITH FRAUD IN THE SOLICITATION OF FOREIGN CURRENCY (FOREX) FUTURES ACCOUNTS; Defendant Sterling forex Lost $1.8 Million in Customer Investments, 4711-02, October 10, 2002  Complaint  Order
• PRUDENTIAL SECURITIES, INC. SETTLES CFTC RECORDKEEPING CHARGES; CFTC Orders Prudential Securities, Inc. to Pay $65,000 Civil Monetary Penalty, 4710-02, October 9, 2002  Order
• FLORIDA RESIDENT BARRED FROM COMMODITY TRADING IN GOVERNMENT ACTION ; Defendants in CFTC Case Used Approximately $1 Million of Customer Funds to Pay Personal Expenses, 4709-02, October 8, 2002  Order
• CFTC SETTLES ENFORCEMENT ACTION AGAINST FLOOR BROKER CHARGED WITH UNLAWFULLY TRADING COFFEE FUTURES; John Joyce Is Suspended For Three Months and Ordered to Pay $25,000 Penalty, 4708-02, October 8, 2002  Order
• SISTER OF A FORMER EMPLOYEE OF A CHICAGO COMMODITY FIRM AGREES TO TURN OVER MONEY HER BROTHER GAVE HER AS PART OF HIS FRAUDULENT SCHEME; CFTC Also Obtains Default Judgment Against Other Remaining Relief Defendants, 4705-02, September 26, 2002  Hayes Consent  Thomas Judgment
• TWO TEXAS MEN SETTLE FEDERAL CHARGES OF FRAUDULENT COMMODITY SCHEME; CFTC Imposed Penalties and Trading Bans, 4704-02, September 25, 2002  Settlement
• FLORIDA RESIDENT CHARGED WITH SWINDLING AT LEAST $10.6 MILLION FROM INVESTORS AND SPENDING MONEY ON LAS VEGAS JUNKETS, AIRPLANE CHARTERS, HOMES, AND AUTOMOBILES; CFTC Charges Donald C. O'Neill and His Companies with Fraudulent Solicitation and Misappropriation in Connection With Purported Foreign Currency Hedge Funds, 4703-02, September 19, 2002  Complaint  Order
• ATLANTA INVESTMENT FIRM AND ITS CHIEF EXECUTIVE OFFICER CHARGED WITH SOLICITING OVER $400,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; Government Obtains Federal Court Order Preventing Defendants from Offering Illegal FOREX Contracts and Freezing Assets of Defendants Advent Capital Partners, Ltd. and Samuel Daley 4697-02, September 13, 2002  Complaint  Order
• FORMER EMPLOYEE OF AVISTA ENERGY, INC. SETTLES MANIPULATION CHARGES; CFTC Orders Robert Kristufek To Pay $155,000 Civil Monetary Penalty and Imposes Two-Year Trading Ban 4696-02, September 12, 2002   Order
• ILLINOIS MAN AND HIS FIRM CHARGED WITH SWINDLING OVER $1.4 MILLION IN COMMODITY FRAUD; CFTC Charges John Martin Lofgren and Melrose Asset Management With Fraud 4695-02, September 4, 2002  Complaint  Order
• CALIFORNIA DEFENDANTS SETTLE CFTC COMPLAINT ALLEGING COMMODITY OPTIONS FRAUD; Madison Financial Group, LLC, and Its President and a Principal, Richard A. Cohen, Are Permanently Barred From Trading Commodity Futures and Options 4694-02, September 4, 2002  Order
• GEORGIA CORPORATION AND TWO INDIVIDUALS CHARGED WITH FRAUDULENTLY OFFERING ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Obtains Federal Court Order Freezing Assets of Global Financial Consulting, Inc., Wook Hyun Kim, and Chang H. Lee 4693-02, September 3, 2002  Complaint  Order
• SOUTHERN CALIFORNIA FOREIGN CURRENCY TRADING OPERATORS CHARGED WITH SELLING ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES: CFTC Charges Nawab Ali Khan Ali, Mega Trend 2000, Inc., Sterling FX International LLC, and Roger Barreto, All Operating Out of Glendale, California 4692-02, September 3, 2002  Complaint  Order
• FLORIDA RESIDENTS AND THEIR COMPANIES CHARGED WITH MISAPPROPRIATING CUSTOMER FUNDS IN FOREIGN CURRENCY (FOREX) FUTURES SCAM: CFTC Charges First Bristol Group, Inc., Alliance Equity Group, Inc., Centurion Financial Group, LC, and Great Minster Group, Inc., Staci Lee Petok, Bernard Justin Sevilla, Jack Martin Pomeroy, and Michael Desmond Biggs With Fraud 4691-02, August 29, 2002  Complaint  Order
• UTAH COMPANY AND FOUR UTAH RESIDENTS CHARGED WITH COMMODITY POOL FRAUD; CFTC Alleges Gahma Corporation, John Garrett, Allen Andersen and Robert Heninger Fraudulently Solicited at Least $700,000 from Individuals to Trade Commodity Futures Contracts; CFTC Also Charges Stephen Brockbank, an Advisor to the Pool, with Fraud; This is the Second Fraud Action Filed by the CFTC Against Brockbank 4690-02, August 15, 2002  Complaint
• Minnesota Federal Court Preliminarily Enjoins Foreign Currency Fraud: Defendants Sovereign Resource Management, Inc., Ken Mitra, Virgil Smith and Anthony Heppner Ordered to Account for Investor Funds 4689-02, August 8, 2002  Order
• FEDERAL COURT APPOINTS RECEIVER TO TAKE CONTROL OF ASSETS OF MICHIGAN ATTORNEY IN COMMODITIES FRAUD CASE; The CFTC Charged Defendant Charles Mady with Issuing False False Account Statements to Hide Mounting Commodity Trading Losses and Misappropriating Investor Funds 4686-02, August 5, 2002  Order
• CFTC CHARGES MICHIGAN RESIDENT WITH INTERNET FRAUD AS PART OF FEDERAL 'NETFORCE' INITIATIVE; Complaint Alleges Fraudulent Promotion of Internet Trading System, 4683-02, July 30, 2002  Complaint
• CFTC FINES FORMER TRADING ADVISOR FOR HIS ROLE IN MULTI-MILLION DOLLAR FRAUDULENT ALLOCATION SCHEME; Michael Skrable Agrees to Be Prohibited From Trading and From Registration 4682-02, July 29, 2002 Order
• CFTC ISSUES ORDER SUSPENDING AND RESTRICTING FLOOR BROKER'S REGISTRATION BASED ON EXCHANGE DISCIPLINARY PROCEEDINGS, 4680-02, July 29, 2002 Order
• FLORIDA FEDERAL COURT ENJOINS RECIDIVIST IN ACTION ALLEGING HE MISAPPROPRIATED AT LEAST $1 MILLION IN CUSTOMER FUNDS AND VIOLATED A PRIOR FEDERAL COURT ORDER; Consent Order issued by United States District Court in Florida Enjoins Defendants Thomas D. Chilcott and Leona Westbrook from, among other things, Committing Fraud and also Permanently Bars Defendants from Commodity Trading, 4679-02, July 25, 2002 Order
• GRENADIAN COMPANY, A CANADIAN CITIZEN, AND TWO MINNESOTA RESIDENTS CHARGED WITH COMMODITY POOL FRAUD; CFTC Alleges that Sovereign Resource Management, Inc., Ken Mitra, Virgil E. Smith, and Anthony J. Heppner Fraudulently Solicited Individuals to Trade Foreign Currency Futures Contracts and Misappropriated Over $600,000 of Investors' Funds, 4677-02, July 24, 2002   Complaint | Order
• CFTC SUSPENDS TWO FLOOR BROKERS FOR UNLAWFULLY TRADING COFFEE FUTURES CONTRACTS; In Settlement, Joseph Defrancesco Found to Have Engaged in Fraud, Bucketing of Customer Orders, and Reporting Non-Bona Fide Prices, and Marc Greenstein Found to Have Engaged in Noncompetitive Trading, Wash Sales, and Accommodation Trades, 4676-02, July 23, 2002 Order
• NEW YORK FOREIGN CURRENCY FIRMS CHARGED WITH FRAUDULENTLY SOLICITING OVER $15 MILLION FROM AS MANY AS 400 CUSTOMERS NATIONWIDE TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Obtains Federal Court Order Freezing Assets of Defendants International Financial Services (New York), Inc., International Financial Services (New York), LLC, John Walker Robinson, and Chan Kow Lai, 4675-02, July 22, 2002, Complaint | Order
• FLORIDA DEFENDANTS SETTLE CFTC COMPLAINT ALLEGING FOREIGN CURRENCY (FOREX) OPTIONS FRAUD; International Currency Strategies, Inc., Strategic Trading Group, Inc., Fairfield Currency Group, Inc., and Their Officers - Daniel Phillips and Valentin Fernandez - Are Permanently Barred From Trading Commodity Futures and Options ICS Order | Fairfield Order | Strategic Order
• COFFEE COMMODITY TRADERS BRUCE MILLER AND DEIRDRE ANDERSON CHARGED WITH FRAUDULENT TRADE ALLOCATION SCHEME; George Lamborn and Richard Lani Sr. Alleged To Have Failed to Diligently Supervise Miller and Anderson’s Trading; CSCE Floor Brokers, Daniel Lipton and Kenneth Lawson, Charged With Failing to Obtain Required Customer Account Identification, 4671-02, July 15, 2002, Complaint
• FLORIDA WOMAN AND COMPANY SETTLE CFTC CHARGES ALLEGING THEY FRAUDULENTLY MARKETED COMMODITY TRADING SYSTEMS; CFTC Imposed Trading Bans and Penalties on Bernadette Flavell and Systems of Success – Window to Profit (SOS), 4668-02, July 11, 2002, Order
• SIX COFFEE, SUGAR & COCOA EXCHANGE FLOOR BROKERS CHARGED BY CFTC WITH UNLAWFULLY TRADING COFFEE FUTURES; Carmelo Contrino, Robert Disarro, Joseph Gugliaro, and Persio Paulino Charged with Fraud, Bucketing of Customer Orders, Wash Sales and Accommodation Trades, Non-Competitive Trading, and Reporting Non-Bona Fide Prices; William Overland and John Joyce Charged with Wash Sales and Accommodation Trades, Non-Competitive Trading, and Reporting Non-Bona Fide Prices, 4667-02, July 9, 2002 Complaint
• CALIFORNIA COMMODITY TRADER CHARGED WITH UNAUTHORIZED TRADING, UNLAWFULLY OPERATING A COMMODITY POOL AND ILLEGALLY MANAGING TRADING ACCOUNTS; CFTC Files Complaint Against Donald Steven Smith and His Company, Fibit.com, in Federal District Court, 4660-02, June 24, 2002 Complaint
• FLORIDA MAN SETTLES CHARGES ALLEGING HE FRAUDULENTLY MARKETED COMMODITY TRADING SYSTEMS; CFTC Bars Kevin Kates From Trading, 4657-02, June 17, 2002 Order
• MICHIGAN ATTORNEY CHARGED WITH $6 MILLION COMMODITIES FRAUD; Federal Government Alleges that Charles Mady Issued False Account Statements to Hide Mounting Commodity Trading Losses and Misappropriated Over $1 Million, 4655-02, June 12, 2002 Complaint | Order
• MARYLAND MAN AND FIRM SETTLE CHARGES OF FRAUD WITH CFTC; Consent Order issued by District Court Enjoins Defendants Peter Scott and Rothlin & Windsor Capital Management, Inc. from Committing Fraud and also Permanently Bars Defendants from trading in futures and options, 4654-02, June 12, 2002 Order
• FLORIDA, LOUISIANA AND GEORGIA FIRMS CHARGED WITH FRAUDULENTLY SOLICITING OVER $1,000,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) OPTION CONTRACTS; Government Obtains Federal Court Order Freezing Assets of 19 Individuals and Companies; Related Action Also Filed by Louisiana Attorney General, 4652-02, June 10, 2002. Offshore Complaint | Offshore Order
• COMMODITY FUTURES TRADING COMMISSION FILES FEDERAL ACTION AGAINST FLORIDA MAN FOR PROVIDING FALSE INFORMATION RELATED TO HIS $6.8 MILLON SETTLEMENT WITH THE COMMISSION; Federal Court Freezes Assets, Books and Records of Defendant David Alan Luger, 4651-02, June 5, 2002. Luger Complaint | Luger Order
• CFTC SETTLES WASH SALES CHARGES AGAINST TEXAS BROKER RONALD ROESLER AND ILLINOIS BROKER DAVID JANSON ARISING OUT OF USDA DAIRY OPTIONS PILOT PROGRAM; 4645-02, May 22, 2002. Roesler Order | Janson Order
• FLORIDA FEDERAL COURT REQUIRES DEFENDANTS MICHAEL A. DIPPOLITO; MAD, INC.; AND CTU, INC. TO PAY RESTITUTION TO DEFRAUDED CUSTOMERS IN CFTC ENFORCEMENT ACTION; Court's Order Also Bars Defendants From Further Fraudulent Conduct and From Trading Commodity Futures or Options, 4641-02, May 15, 2002. MAD Order
• TEXAS COMMODITY TRADER CHARGED WITH DEFRAUDING CUSTOMERS AND MISAPPROPRIATING CUSTOMER FUNDS; CFTC Charges Dewey V. Wiles and His Company, Futures Exchange Company, Inc., with Fraudulently Soliciting Funds to Trade Commodity Futures, 4639-02, May 8, 2002. Wiles Complaint
• CFTC SETTLES FOREIGN CURRENCY FRAUD CASE AGAINST OHIO DEFENDANTS; CFTC Obtains Consent Orders Against International Monetary Group, Inc., Currency Management Group, Inc. and Their Officers - Anthony and Emido Dellarciprete and Jason Lemmon - Permanently Barring Them From Trading Futures and Options, 4638-02, May 7, 2002.
  International Monetary Group Order
  Jason Lemmon Order
  Emido Dellarciprete Order
  Currency Management Group, Inc Order
  Anthony Dellarciprete Order
• CFTC CHARGES UTAH INVESTMENT FIRM WITH RUNNING A $14.7 MILLION FOREIGN CURRENCY (FOREX) PONZI SCAM; Federal Court Immediately Freezes Assets of 4NExchange, LLC, Paul Grant and Ronald Bassett In Related Action, 4636-02, May 2, 2002. 4NExchange Order
• U.S. GOVERNMENT AGENCY SETTLES FRAUD CASE AGAINST GEORGIA COMMODITY TRADING ADVISOR WHO WAS A REPEAT OFFENDER; Defendant Ellery Coleman Ordered to Pay a Penalty of up to $170,000, 4634-02, April 29, 2002. Coleman Order
• TEXAS COMMODITY BROKER COMMITTED SOLICITATION FRAUD; In CFTC Action, D. Michael Sheaves Fined $50,000 and Ordered to Pay Restitution for Fraudulently Failing to Advise Prospective Clients of Significant Trading Losses, 4633-02, April 23, 2002. Decision on Default
• CFTC SETTLES COMMODITY FRAUD SOLICITATION CASE AGAINST CALIFORNIA TRADING SYSTEM DEVELOPER; Defendant Abdullah Alsafari Barred from Further Fraudulent Conduct in Violation of Federal Commodities Laws, 4629-02, April 9, 2002   Alsafari Order
• FLORIDA COMMODITY TRADING SYSTEM DEVELOPER AND NEW YORK PUBLISHER SETTLE CFTC FRAUD ACTION; CFTC Finds that George Angell, TradeWins Publishing and its President, Stephen Schmidt, Fraudulently Marketed Commodity Trading System, 4628-02, April 4, 2002.   Angell Order | TradeWins Order
• THREE FORMER EMPLOYEES OF CHICAGO COMMODITY FIRM SETTLE GOVERNMENT ACTION FOR FRAUDULENT TRADING; Defendants Martin Brown, Geoffrey S. Thompson, and Ydiyell Howard Prohibited From Trading in the Commodity Markets, 4626-02, April 2, 2002
  Brown Thompson Complaint
  Brown Thompson Attachment A
  Howard Consent Order
  King Consent Order
  Thompson Consent Order
  Brown Consent Order
• CFTC SETTLES FRAUD ACTION AGAINST WEST VIRGINIA COMMODITY POOL OPERATOR; Defendants Robert L. Dormagen and Delta Financial Corporation Permanently Barred From Trading Futures or Options, 4624-02, March 21, 2002.  Dormagen Order
• CFTC SETTLES CHARGES AGAINST MINNESOTA DEFENDANTS IN COMMODITY POOL FRAUD CASE; Leonard Nauman and His Two Companies, Pension America, Inc., and Futures Profit Making, LLC, Are Permanently Barred From Trading For Others, 4623-02, March 21, 2002.  Pension America Order
• LOS ANGELES COMMODITY TRADER SETTLES CFTC FRAUD ACTION; Alfred Gladstone Ordered to Pay Up To $171,000 in Restitution and Civil Monetary Penalty Pursuant to Payment Plan and Agrees Never to Seek CFTC Registration, 4622-02, March 20, 2002.  Gladstone Order
• CFTC FILES ENFORCEMENT ACTION AGAINST FOUR CSCE FLOOR BROKERS, CHARGING THEM WITH UNLAWFULLY TRADING COFFEE FUTURES; Joseph Defrancesco, Ronald Kilbride, and Brian Thornton Charged with Fraud, Bucketing of Customer Orders, and Reporting Non-Bona Fide Prices; Defrancesco, Kilbride, Thornton, and Marc Greenstein Also Face Charges of Noncompetitive Trading, Illegal Wash Sales, and Accommodation Trades, 4621-02, March 20, 2002.   Coffee Complaint
• CALIFORNIA COMMODITY TRADER CHARGED WITH MISAPPROPRIATING MORE THAN $500,000 IN CUSTOMER FUNDS AND VIOLATING PRIOR COMMISSION ORDER; CFTC Charges Mark Ross Weinberg With Fraudulently Soliciting Funds to Trade Commodity Futures; Federal Court Freezes Assets and Bars Destruction of Books and Records, 4619-02, March 18, 2002  Weinberg Complaint | Weinberg Order
• FLORIDA COMMODITY TRADER CHARGED WITH MISAPPROPRIATING AT LEAST $1 MILLION IN CUSTOMER FUNDS AND VIOLATING PRIOR FEDERAL COURT ORDER; CFTC Charges Thomas Chilcott, Ted Whidden, and Leona Westbrook With Fraudulently Operating Commodities Trading Business Known As Trade Master of Southwest Florida; Federal Court Freezes Assets and Bars Destruction of Books and Records, March 11, 2002  Chilcott Complaint | Chilcott Order
• In the matter of George Angell.  Order Instituting Proceedings Pursuant to Sections 6(c) and 6(d) of the Commodity Exchange Act, Making Findings and Imposing Remedial Sanctions. CFTC Docket No. 02-08, March 6, 2002
• CFTC CRACKS DOWN ON FOREIGN CURRENCY SCAMS NATIONWIDE; Nineteen Firms and Individuals Charged in Sweep With Selling Illegal Foreign Currency (Forex) Investments to the Retail Public; Actions Cap First Year of FOREX Initiative Using Reinforced Statutory Authority, February 27, 2002
  Rego Gainer Complaint
  Rego Gainer Order
  FX Advisors Complaint
  FX Advisors Order
  MAD Financial Complaint
  MAD Financial Order
  GCI Order
• FORMER CHIEF OPERATING OFFICER OF A COMMODITY FIRM SETTLES CFTC ACTION CHARGING SUPERVISORY FAILURES; CFTC Finds That Mark Vaughn Failed To Supervise Diligently The Handling Of Foreign Customer Accounts, February 25, 2002 Vaughn Order
• FLORIDA COMMODITY TRADING ADVISORS SETTLE CFTC FRAUD ACTION; Defendants Fred and Jeanne Monte Permanently Banned From Trading Futures or Options, February 12, 2002 Fred Monte | Jeanne Monte
• COMMODITY TRADER AND TWO MICHIGAN COMPANIES CHARGED WITH $2.9 MILLION FRAUD; GOVERNMENT ALLEGES FICTITIOUS TRADING; Federal Court Freezes Assets and Bars the Destruction of Books and Records, February 11, 2002 Complaint | Statutory Restraining Order
• NEW YORK COMMODITY BROKER CHARGED WITH ILLEGAL TRADING AND VIOLATION OF A COMMISSION ORDER; CFTC Alleges Branch Manager Patrick Ligammari Engaged in Non-Competitive Trading To Facilitate the Transfer of Over $300,000 Between Two Foreign Accounts, February 11, 2002 Complaint | Exhibit A - 1990 Order | Exhibit B
• CFTC SETTLES CASE AGAINST CHICAGO FIRM AND ITS MANAGING DIRECTOR; CFTC finds that Excellent USA and John Gallwas Failed to Supervise the Handling of Foreign Omnibus Accounts; CFTC Revokes Registration of Excellent USA as a Result of the Criminal Conviction of One of its Principals, February 4, 2002 Excellent | Gallwas
• Internet Trading System Promoter Charged With Commodity Fraud; CFTC Alleges Michael Radcliffe Made False Claims Concerning Profits Generated By His Commodity Trading System, 4597-02, January 15, 2002. Complaint