09/13/2004
FEDERAL COURT ORDERS PORTLAND RESIDENTS TO PAY MORE THAN $1.3 MILLION TO SETTLE FOREIGN CURRENCY FUTURES AND OPTIONS FRAUD CHARGES; Court Orders Nancy Hoyt, April Duffy, and Samantha Vorachith to Repay a Total of $596,337 to Investors and to Pay Contingent Civil Penalties Totaling $720,000
09/03/2004
CFTC REVOKES REGISTRATION OF ILLINOIS FLOOR BROKER STUART MICHAEL HELFFRICH; CFTC Action Based in Part on Fraud Findings by Chicago Board of Trade
09/02/2004
CFTC FILES $10 MILLION ENFORCEMENT ACTION AGAINST WINNETKA, ILLINOIS HEDGE FUND TRADEWINDS INTERNATIONAL, LLC, AND ITS PRINCIPAL, CHARLES HARRIS
08/26/2004
CFTC FINDS THAT NYMEX FLOOR BROKER, IZMIR MEHMEDOVIC OF GLENDALE, NEW YORK, DEFRAUDED CUSTOMER
08/19/2004
U.S. DISTRICT COURT GRANTS SUMMARY JUDGMENT TO CFTC IN FRAUD ACTION AGAINST FLORIDA RESIDENTS, Genady Spivack A.K.A. George Spivak, Ellison Kent Morris, AND World-Wide Currency Services, Corp.; defendants Ordered to Pay Over One Million Dollars in Restitution and Are Permanently Banned from Commodity Related Trading or Solicitation
08/18/2004
COURT FINDS THAT FLORIDA RESIDENT AND TWO COMPANIES DEFRAUDED CUSTOMERS IN FOREIGN CURRENCY OPTIONS SCAM: Michael Dippolito, MAD Financial, Inc., and CTU, Inc. Agree to Pay Civil Penalty for Defrauding Investors
08/18/2004
CFTC CHARGES TEXAS-BASED COMMODITY TRADING ADVISOR NEXGEN SOFTWARE SYSTEMS, INC., AND OWNER JOHN P. NOVAK WITH COMMODITIES FRAUD; Defendants Allegedly Solicited Customers to Purchase their Advisory Services Using False Claims; Nexgen and Novak also Failed to Register as Commodity Trading Advisors
08/17/2004
CALIFORNIA FIRM CHASE COMMODITIES CORP. & TWO INDIVIDUALS CHARGED WITH DEFRAUDING CUSTOMERS; Firm and Traders Lee Lagorio and Excel Obando Allegedly Made False Claims that Customers Would Make Large Profits with Little Risk
08/17/2004
MESA, ARIZONA PONZI SCHEME OPERATOR, RONALD STEPHEN HOLT, HELD IN CIVIL CONTEMPT FOR REFUSING TO REVEAL LOCATION OF VICTIMS' FUNDS; Court Orders Holt Jailed After 'Show Cause' Hearing; Action Stems from CFTC Antifraud Charges Brought Against Holt in September 2003
08/17/2004
ENFORCEMENT ACTION FILED AGAINST FORMER CEO OF RITTMEISTER CAPITAL MANAGEMENT, INC.; Pending Federal Criminal Charges Against Udo Rotmistrenko Alleged As Grounds for Suspending CFTC Registrations
