03/23/2005
CALIFORNIA FOREIGN CURRENCY FIRM AND ITS PRINCIPAL AGREE TO PAY OVER $1 MILLION IN SETTLEMENT OF U.S. GOVERNMENT FOREIGN CURRENCY FRAUD ACTION; In Settling Charges by the U.S. Commodity Futures Trading Commission, Defendants Ben Ouyang and Victco Financial Services, Inc. Consented to Release over $1 Million in Frozen Funds as Restitution to Defrauded Customers; Consent Order also Imposes Civil Penalty of $120,000 and a Permanent Injunction
03/18/2005
U.S. COMMODITY FUTURES TRADING COMMISSION APPLAUDS SUCCESSFUL PROSECUTION OF OPERATION WOODEN NICKEL DEFENDANT, Anthony Iannuzzi Convicted of Wire Fraud and Conspiracy to Commit Wire Fraud in "Points for Cash" Scheme,
03/15/2005
CFTC CHARGES FLORIDA MAN AND HIS COMPANY WITH VIOLATIONS BASED ON OFFER AND SALE OF FOREIGN CURRENCY OPTIONS; William David Seigler, Jr. and Sonoma Trading Corporation Allegedly Solicited Customers to Trade Foreign Currency (Forex) Options Contracts Via the Internet
03/15/2005
FEDERAL COURT FREEZES ASSETS OF FLORIDA FOREIGN CURRENCY FIRM AND OTHERS IN U.S. GOVERNMENT LAWSUIT CHARGING A COMMODITY OPTIONS SCAM; CFTC Charges Mercury Partners, Inc.; Mercury Financial Partners, Inc.; Mercury Management, L.C.; Bruce N. Crown; Andrew Bartos; and Michael Morgan with Fraud and Misappropriation of Customer Funds
03/14/2005
CFTC AND SEC ANNOUNCE $50 MILLION DISTRIBUTION TO FORMER CUSTOMERS OF PRINCETON ECONOMICS INTERNATIONAL, LTD., AND PRINCETON GLOBAL MANAGEMENT, LTD.
03/08/2005
FEDERAL COURT FREEZES ASSETS OF SEATTLE FIRM AND FOUR OTHER DEFENDANTS CHARGED WITH INTERNATIONAL SCHEME THAT DEFRAUDED U.S. CUSTOMERS OF OVER $8.5 MILLION; CFTC Alleged That Premium Income Corp., Its Principal, Gerald Rogers, And Others, Made False Claims About Profit and Risk, And Misappropriated Funds; Rogers is a Recent Ex-Convict Who Served Time for Similar Crimes
03/08/2005
MARYLAND FEDERAL COURT ENTERS CONSENT ORDER AGAINST FORMER RESIDENT ANDREW M. SILBERSTEIN IN COMMODITY POOL FRAUD ACTION; In Action Brought by U.S.Commodity Futures Trading Commission and the State of Maryland, Silberstein Is Ordered to Pay Total Sanctions of $560,000
02/24/2005
Tennessee Foreign Currency Firm FxTrade Financial, LLC, and Jeffrey Mischler, its CEO and Managing Partner, Along with Seven Others, Agree to Order Finding that They Violated Court Orders Preventing Dissipation of Customer Funds
02/18/2005
U.S. COMMODITY FUTURES TRADING COMMISSION AND OTHER FEDERAL AUTHORITIES COOPERATE TO SHUT DOWN NEW YORK FOREIGN CURRENCY (FOREX) BOILER ROOM OPERATION; CFTC CHARGES RICHMOND GLOBAL ENTITIES OF STATEN ISLAND, NEW YORK AND FOUR INDIVIDUALS WITH DEFRAUDING 160 CUSTOMERS OF MILLIONS OF DOLLARS IN FOREX SCHEME; CFTC Assisted U.S. Attorney’s Office for the Southern District of New York and the Federal Bureau of Investigation
02/03/2005
U.S. District Court Orders Florida Company World-Wide Currency, Corp., and Florida Residents Genady Spivack a.k.a. George Spivak and Ellison Kent Morris to Pay Over $6 Million in Civil Fraud Action
