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Enforcement Actions

View By Year: 2013 // 2012 // 2011 // 2010 // 2009 // 2008 // Enforcement Actions Archive
Date
Enforcement Actions
12/23/2009
Federal Court in Florida Imposes More than $5.4 Million in Restitution and Fines in CFTC Action Charging Commodity Options Fraud
12/17/2009
CFTC Sanctions MF Global Inc. $10 Million for Significant Supervision Violations between 2003 and 2008
12/16/2009
Federal Court in Georgia Imposes More than $6.75 Million in Fines and Other Sanctions in CFTC Action Charging Commodity Options Fraud
12/09/2009
Federal Court Orders New York Resident Dawn Musorofiti to Pay $82,600 in Fines and other Sanctions in CFTC Anti-Fraud Action
11/25/2009
Oklahoma City Chinese Community Targeted In Multi-Million Dollar Commodity Futures Ponzi Scheme Operated by South Carolina Resident Kenneth Lee and Oklahoma Resident Simon Yang and their Companies
11/25/2009
New Jersey Federal Court Orders Robert J. Sucarato to Pay $2 Million in Restitution and Penalties in CFTC Hedge Fund Anti-Fraud Action
11/24/2009
Federal Court Freezes Assets of Minnesota Residents Trevor Cook and Patrick Kiley and their Oxford and Universal Companies, Charged by the CFTC with Defrauding Investors of Tens of Millions of Dollars in Foreign Currency Scheme
11/24/2009
Louisiana Federal Court Freezes Assets of William Guidry of Florida, Matthew Pizzolato of Louisiana and Louisiana Company Capital Funding Consultants, Charged by the CFTC with Operating a $2 Million Commodity Pool Fraud
11/13/2009
CFTC Sanctions Hedge Fund EMF Financial Products, LLC $4 Million to Settle CFTC Charges that EMF Made False Statements Concerning Its Market Positions to the Chicago Board of Trade
11/12/2009
New York Resident Michael Kourmolis Permanently Banned From Futures Industry For Fraudulent Solicitation In CFTC Anti-Fraud Action
11/10/2009
Federal Court Freezes Assets of Florida Resident David A. Owen, Charged by the CFTC with a Multi-Million Dollar Commodity Pool Fraud
11/09/2009
Federal Court Orders Canadian Trio to Pay More than Equivalent $2.2 Million in Restitution, Disgorgement and Penalties in CFTC Commodity Pool Anti-Fraud Action
11/06/2009
New York Court Imposes $500,000 Fine and Other Sanctions Against David P. Lee, Former Natural Gas Trader for Bank of Montreal
10/30/2009
Federal Court Freezes Assets of Moroccan Resident Richmond Hamilton, Jr., and the Chicago Commodity Pool He Manages in a $1 Million Pool Anti-Fraud Case Brought by the CFTC
10/21/2009
Federal Appeals Court Affirms CFTC’s Finding of Manipulation by Anthony J. DiPlacido and Modifies Civil Monetary Penalty
10/16/2009
CFTC Enforcement Program Files 25% More Cases During Fiscal Year 2009 than in the Prior Fiscal Year
10/15/2009
CFTC Charges Florida Resident and His Panamanian Corporation with Fraud and Misappropriation
10/08/2009
CFTC Suspends the Registration of Criminally Indicted Chicago Floor Broker David G. Sklena
10/08/2009
Pennsylvania Resident Joseph Forte Admits to Operating a Multi-Million Dollar Ponzi Scheme in CFTC Enforcement Action
10/01/2009
CFTC Sanctions Citigroup Private Bank GP, Inc. for Failure to File Annual Reports on Time for the Commodity Pools it Operates
09/30/2009
Chicago-Based Cadent Financial Services LLC Sanctioned for Failing to Diligently Supervise Employees
09/30/2009
Federal Court Freezes Assets of Texas Trading Firms M25 Investments, Inc. and M37 Investments, LLC, and Scott Kear, Sr., Jeffrey Lyon and David Seaman, Charged by the CFTC with an $8 Million Forex Fraud
09/23/2009
Federal Court Issues Preliminary Injunction Against Florida Resident Beau Diamond and His Company, Diamond Ventures LLC, in CFTC Multi-Million Dollar Forex Fraud Action
09/23/2009
U.S. District Court Issues Orders Against Four “Operation Wooden Nickel” Defendants for their Roles in Defrauding Investors and Banks in Illegal Foreign Currency Schemes
09/09/2009
CFTC Charges North Carolina Foreign Currency Firm CapitalStreet Financial LLC and its Principal Sean F. Mescall with Operating a $1.3 Million Forex Ponzi Scam
09/09/2009
CFTC Sanctions J.P. Morgan Futures, Inc. $300,000 for Failing to Properly Segregate Customer Funds and Failing to Timely Report the Under-segregation to the CFTC
09/04/2009
Federal Court Freezes the Assets of Florida Resident Beau Diamond and Diamond Ventures LLC, Charged by the CFTC with Operating a $37 Million Dollar Forex Fraud
09/04/2009
CFTC Charges Illinois Resident and One of His Companies with Fraud in $6 Million Commodity Pool
09/01/2009
CFTC Files Action to Revoke the Registrations of Abbas A. Shah, Linuxor Asset Management and Linuxor Capital Management
08/26/2009
Georgia Court Imposes Fines and Other Sanctions Against Atlanta-Based Saxon Financial Services Inc., Charged by the CFTC with Commodity Option Fraud
08/26/2009
California Federal Court Order Continues Asset Freeze against Las Vegas Resident Gordon A. Driver, Axcess Automation LLC and Axcess Fund Management LLC
08/21/2009
CFTC Obtains Disgorgement of Ill-Gotten Gains From Christopher Smithers, Jack Smithers and Prosperity Consultants, Inc.
08/21/2009
New York Federal Court Orders Martin Armstrong, Princeton Global Management and Princeton Economics International to Pay More Than $27 Million in Remaining Restitution in CFTC Anti-Fraud Action
08/21/2009
U.S. District Court Orders Five Defendants in CFTC Action to Pay More than $4 million in Civil Penalties for Engaging in Illegal Foreign Currency Options Scheme
08/20/2009
CFTC and the State of California Charge San Diego Forex Firm MAK 1 Enterprises Group, LLC and Its CEO Mohit A. Khanna in Multi Million Dollar Scam
08/12/2009
Amaranth Entities Ordered to Pay a $7.5 Million Civil Fine in CFTC Action Alleging Attempted Manipulation of Natural Gas Futures Prices
08/10/2009
CFTC Obtains $7.6 Million Asset Freeze in New York Fraud Matter
08/07/2009
CFTC Issues a Notice to Suspend or Modify the Registration of Indicted Floor Broker David G. Sklena of Skokie, Illinois
08/07/2009
CFTC Charges Charlotte, North Carolina Couple Sidney and Charlotte Hanson and their Companies with Operating a $22.5 Million Foreign Currency Ponzi Scheme
08/06/2009
California Court Imposes Fines and Other Sanctions Totaling More than $25 Million against Safevest LLC of Mission Viejo, California and its Owners, Jon G. Ervin and John V. Slye
07/20/2009
Florida Court Enters Orders Imposing Fines and Other Sanctions against Randy Burstein and Nader Yazdani in CFTC Action Charging Commodity Options Fraud
07/14/2009
CFTC Charges Weston, Florida Man With Operating a $14 Million Dollar Fraudulent Commodities Scheme
07/09/2009
CFTC Charges California Man and His Company with Commodity Options Fraud
07/09/2009
CFTC Charges Georgia Man with Operating a Multi-Million Dollar Forex Ponzi Scheme
07/07/2009
CFTC Charges California Man Patrick Dailey and His Texas Company with Fraud in Connection with a Multi-Million Dollar Commodity Pool
06/29/2009
CFTC Sanctions Foreign Currency Broker Who Allowed Confidential Personal Information of its Customers to Appear on the Internet
06/09/2009
CFTC Charges California-Based SNC Asset Management, Inc., SNC Investments Inc., CEO Peter Son, and CFO Jin K. Chung in an $85 Million Forex Ponzi Scam
05/26/2009
CFTC Charges Texas Residents Robert Watson, Daniel Petroski and their Companies with Fraud in Multi-Million Dollar Forex Scheme
05/21/2009
CFTC Charges Florida Resident Michael J. Riolo and His Two Companies with Fraud in Alleged Multi-Million Dollar Foreign Currency Scam
05/20/2009
Delaware Resident Kenneth Branch and his company, Cocoon Trade, Inc., Ordered to Pay More than $1.5 Million in Restitution and Penalties in CFTC Commodity Pool Fraud Action
05/15/2009
CFTC Charges Las Vegas Resident Gordon Driver and His Companies in $13.5 Million Ponzi Fraud
05/13/2009
Michigan Resident Ordered To Pay More Than $300,000 in Sanctions for Defrauding Clients
04/21/2009
Illinois Federal Court Enters Preliminary Injunction Against Brookshire Raw Materials Management, LLC, a Barrington, Illinois-Based Commodity Pool Operator, and its Canadian Principals
04/15/2009
CFTC Charges Stuart Jones, Payton Lowe, and WeCorp., Inc. of Hilo and Honolulu, Hawaii with Operating $1.5 Million Ponzi Scheme
04/09/2009
New York Court Enters Order Imposing a $240,000 Fine and Other Sanctions against New York State Resident Michael Vitebsky in a Foreign Currency Scam
04/09/2009
CFTC Charges Austin, Texas Resident Steven Leigh Shakespeare and His Company, Guardian Futures, Inc., With Fraud and Unauthorized Trading
04/09/2009
William D. Perkins of St. George, Utah Ordered to Pay More Than $2 Million in Sanctions in CFTC Ponzi Scheme Action
04/07/2009
Federal Court Issues Preliminary Injunction Against Two Nevada Corporations in $20 Million Commodity Pool Ponzi Scheme Operated by Tennessee Resident, Dennis Bolze
04/07/2009
CFTC Charges Two Florida Companies and Three Florida Men with Operating a Fraudulent Commodity Pool that Solicited Approximately $17 Million from about 100 Investors
04/02/2009
Nacogdoches, Texas Businessman George D. Hudgins Ordered to Pay Approximately $86 Million for Defrauding 230 Investors in a “Ponzi” Scheme Involving Commodity Futures and Options Contracts
03/30/2009
CFTC Restricts the Registrations of Commodity Professionals John C. Glase, Sutherland Group, Inc., and Skibo Asset Management, LLC
03/26/2009
CFTC Sanctions ADM Investor Services, Inc. $200,000 For Failing To Diligently Supervise Its Employees
03/18/2009
CFTC Charges North Carolina Foreign Currency Firm Barki, LLC and Its Recently Deceased Principal Bruce C. Kramer In Alleged $40 Million Ponzi Fraud
03/12/2009
CFTC Charges Tennessee Resident and Las Vegas-based Firm with Fraud and Misappropriation in $20 Million Commodity Pool Ponzi Scheme
03/11/2009
CFTC Charges Charlottesville, Virginia Man with Stealing $1 Million From Investors in a Ponzi Scheme Involving More than $10 Million
03/11/2009
CFTC Sanctions Chicago-based Walsh Trading Inc. $50,000 for Failing to Supervise an Employee's Handling of Customer Accounts
03/05/2009
CFTC Charges Ponzi Scheme in Mansfield, Texas, Caused More Than 250 Investors to Lose at Least $10.9 Million
02/27/2009
Anthony Ramunno, Jr., formerly of Alpharetta, Georgia, and His Company, Renaissance Asset Management LLC, Fined and Sanctioned in a $21 Million Ponzi Scheme
02/27/2009
CFTC Charges Idaho Resident Daren L. Palmer with Operating $40 Million Ponzi Scheme
02/25/2009
CFTC Charges Fund Manager Mark Bloom and His Firm, North Hills Management LLC, with Misappropriating Over $13 Million
02/25/2009
CFTC Charges New York Residents with Operating $1.3 Billion Investment Scam
02/25/2009
CFTC Charges South Florida Firm, Zurich Futures & Options, Inc., and Michele LaBruce with Defrauding Customers of Over $1.4 Million in Commodity Options Scam
02/20/2009
Federal Court Order Freezes Assets of Illinois Commodity Pool Operator Brookshire Raw Materials Management, LLC and its Canadian Principals Based on CFTC Charges of Misappropriating More Than $4.6 Million in a Ponzi Scheme
02/19/2009
CFTC Congratulates U.S. Attorney for Obtaining a Criminal Conviction Against Frank Anthony DeSantis III of Stuart, Florida, for Operating a Commodities Investment Scheme
02/19/2009
CFTC Charges Hawaii-based Marvin Cooper and Billion Coupons, Inc. with Operating a $4 Million Foreign Currency Ponzi Scheme Aimed at Defrauding the Deaf Community
02/11/2009
CFTC Orders Former Bank Trader and New York City Resident to Pay $360,000 Penalty in Connection with False Trading Reports Submitted to His Former Employer, Bank of America
02/10/2009
CFTC Seeks Freeze of Assets in Oklahoma Ponzi Scheme Involving Over $30 Million
02/06/2009
CFTC Obtains Judgment Against Albert E. Parish and Parish Economics LLC for Operating a Commodity Pool Scam in CFTC Anti-Fraud Action
02/05/2009
CFTC Charges Minnesota Resident Charles “Chuck” E. Hays and His Company, Crossfire Trading, LLC, with Running a $5.5 Million Ponzi Scheme
01/27/2009
CFTC Charges Nicholas Cosmo and Agape Companies with Defrauding Customers of Tens of Millions of Dollars in Commodity Futures Trading Scheme
01/27/2009
CFTC Obtains Asset Freeze in Fraudulent Solicitation and Misappropriation Case Against International Foreign Currency Firm, Atwood & James, and Michael Kardonick
01/15/2009
CFTC Charges James Ossie and CRE Capital Corporation with Operating a $25 Million Foreign Currency Ponzi Scheme
01/15/2009
New York Court Enters Order Imposing a Fine and Other Sanctions against Boris Shuster of Fort Dix, New Jersey, in a Foreign Currency Scam
01/09/2009
CFTC Sanctions Four Commodity Pool Operators for Failing to File Timely Reports with the National Futures Association
01/08/2009
CFTC Charges Philadelphia-area Resident with Operating $50 Million Ponzi Scheme

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