|
|
CFTC ACCEPTS OFFER OF SETTLEMENT FROM FORMER REGISTRANT TIMOTHY M. BENGSON IN CONNECTION WITH FRAUDULENT ALLOCATION SCHEME; CFTC Order Imposes A Permanent Trading Ban, Requires Him to Comply with Undertaking Never To Seek Registration And Requires Payment of A Civil Monetary Penalty of Up To $110,000, Pursuant To Payment Plan , 4457-00 |
|
|
<p>FLORIDA DISTRICT COURT ISSUES DEFAULT ORDERS OF PERMANENT INJUNCTION AGAINST INDIVIDUALS AND CORPORATIONS PROHIBITING THEM FROM CONTINUING TO OPERATE A FRAUDULENT PRECIOUS METALS SCHEME; Court’s Order Also Enjoins Them From Soliciting or Accepting Customers For Commodity Futures or Options Trading and Bars Them From Seeking Registration or Acting In Any Capacity Requiring Registration with the CFTC; Court Will Determine The Amount of Civil Monetary Penalties, Restitution and Disgorgement To Be Imposed, , 4456-00 |
|
|
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST CTS FINANCIAL PUBLISHING, DEARBORN FINANCIAL PUBLISHING, DENNIS BLITZ, AND NICK VAN NICE ALLEGING FRAUD; Complaint Alleges that Respondents Fraudulently Marketed Commodity Futures and Options Trading-Related Products and that CTS Operated and Maintained an Internet Site that Promoted a Product Called <i>Swing Trader,</i> in Violation of Federal Commodity Law , 4455-00 |
|
|
CFTC FILES ENFORCEMENT ACTIONS CHARGING FRAUDULENT SOLICITATION OF CUSTOMERS AGAINST TWO FLORIDA INTRODUCING BROKERS, MATRIX TRADING GROUP, INC. AND FIRST FINANCIAL TRADING, INC.; CFTC Also Charges Fraud Against Five Current and Former Principals and Employees of the Companies -- Christopher Smithers and David Wedeen of Matrix, and Corey Johnson, Scott Dewitte and Thomas Glover, II, of First Financial , 4454-00 |
|
|
TENNESSEE DISTRICT COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AGAINST EDWIN JAY SHELDON AND APPLIED CAPITAL MANAGEMENT, LLC (ACM) IN COMMODITY POOL FRAUD CASE; The Consent Order Requires Sheldon and ACM to Make Full Restitution to Investors of Up to Approximately $334,000 , 4453-00 |
|
|
CFTC ACCEPTS SETTLEMENT OFFER OF FORMER REFCO FLOOR BROKER LISA BUDICAK IN CONNECTION WITH ORDER-TAKING AND RECORDKEEPING VIOLATIONS; CFTC Orders Budicak to Pay A $20,000 Civil Monetary Penalty And Conditions Any Future Registration For the Next Four Years , 4452-00 |
|
|
CFTC FILES ENFORCEMENT ACTION ALLEGING THE FRAUDULENT PROMOTION OF COMMODITY TRADING METHODOLOGY OVER THE INTERNET; CFTC Alleges that Rabb Sabin and Art Smith, Both of California, Fraudulently Misrepresented the Profitability and Performance of Their Internet Website’s Trading Methodology and Their Backgrounds and Trading Histories , 4451-00 |
|
|
CFTC FILES AND SETTLES ADMINISTRATIVE ENFORCEMENT ACTION AGAINST MARTIN K. ROGERS FOR TRADING WITHOUT A SPONSOR IN VIOLATION OF A COMMISSION ORDER; Rogers' Registration Is Suspended for 30 Days and Restricted for One Year , 4450-00 |
|
|
ILLINOIS COURT ENTERS CONSENT ORDERS OF PERMANENT INJUNCTION AGAINST RANDALL WILLIAMS AND TERRY G. WIGTON IN CASE INVOLVING A FRAUDULENT COMMODITY POOL SCHEME; Williams and Wigton Are Barred From the Commodities Industry and Ordered to Pay Restitution and Disgorgement Amounts Totaling More than $1.5 Million , 4448-00 |
|
|
CFTC CHARGES LEONARD G. NAUMAN, EDWARD STEVENSON KIRRIS , III, WILLIAM J. RELF, PENSION AMERICA, INC. , FUTURES PROFIT MAKING, LLC., SELECTIVE FUTURES MANAGEMENT, LLC., SPECIALIZED COMMODITY TIMING, LLC., AND COMMODITY TIMING SPECIALISTS, LLC., WITH COMMODITY POOL FRAUD AND FAILURE TO REGISTER AS COMMODITY POOL OPERATORS; The Complaint Alleges that Nauman, Kirris, and Relf Pooled at least $600,000 From Approximately 36 Investors Mostly in the Minneapolis and Brainerd, Minnesota Areas; Court Issues An <i>Ex parte</i> Restraining Order Freezing Defendants' Assets and Prohibiting the Destruction of Documents , 4445-00 |
|
|
CFTC FILES ANTI-FRAUD ENFORCEMENT ACTION AGAINST RICHARD A. VIELE, BERNADETTE FLAVELL, KEVIN KATES, AND SYSTEMS OF SUCCESS -- ALL OF FLORIDA; CFTC Alleges that Viele, Flavell, Kates and Systems of Success Fraudulently Misrepresented the Profitability and Performance Records of Various Futures Trading Systems Developed and Marketed by Them , 4444-00 |
|
|
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST PEREGRINE FINANCIAL GROUP, INC., IN CONNECTION WITH FINANCIAL VIOLATIONS; CFTC Orders Peregrine To Pay a $90,000 Civil Monetary Penalty and Comply With Various Undertakings , 4443-00 |
|
|
CFTC FILES FIVE ENFORCEMENT ACTIONS ALLEGING THE FRAUDULENT PROMOTION OF COMMODITY TRADING SYSTEMS OVER THE INTERNET; CFTC Actions Are Part of Initiative To Clean Up Fraudulent Internet Web Sites , 4442-00 |
|
|
CFTC ACCEPTS SETTLEMENT OFFER OF FORMER REFCO FLOOR BROKER CONSTANTINE MITSOPOULOS IN CONNECTION WITH SUPERVISION AND RECORDKEEPING VIOLATIONS; CFTC Orders Mitsopoulos to Pay A $1,000,000 Civil Monetary Penalty And To Comply With His Undertakings, Including Never To Seek Registration With the CFTC , 4439-00 |
|
|
U.S. DISTRICT COURT IN WEST VIRGINIA ENTERS ORDER OF PRELIMINARY INJUNCTION AGAINST ROBERT L. DORMAGEN AND DELTA FINANCIAL CORPORATION IN CFTC ANTI-FRAUD ENFORCEMENT ACTION , 4438-00 |
|
|
CFTC CHARGES STEPHEN W. BROCKBANK, CAROL J. LOVE, AND BIRMA LTD., OF UTAH WITH COMMODITY POOL FRAUD AND FAILURE TO REGISTER AS COMMODITY POOL OPERATORS , 4437-00 |
|
|
CFTC ACCEPTS SETTLEMENT OFFERS OF CURTIS McNAIR ARNOLD AND LONDON FINANCIAL, INC. IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CLIENTS; Arnold Is Ordered To Pay A $100,000 Civil Monetary Penalty, Among Other Sanctions , 4436-00 |
|
|
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST REGISTRANTS JOSEPH FRAITES, MICHAEL MARTIN, MARK MUELLER, AND ALFRED ZAMOJCIN IN CASE INVOLVING THE FAILURE TO OBTAIN AND RECORD ACCOUNT IDENTIFICATION IMMEDIATELY UPON RECEIPT OF CUSTOMER ORDERS; The CFTC Order Imposes Civil Monetary Penalties Aggregating $35,000 and Restricts Respondents' Registrations , 4433-00 |
|
|
TEXAS FEDERAL COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AGAINST KENT C. CALHOUN, INDIVIDUALLY, AND AS AN AGENT OF OR DOING BUSINESS AS KCI SEMINARS, IN CFTC ENFORCEMENT ACTION CHARGING FRAUDULENT ADVERTISING AND PROHIBITED REFERENCES TO CFTC IN ADVERTISEMENTS, Calhoun Is Barred From Referencing the CFTC or Otherwise Using the CFTC’s Name in Soliciting Customers And Is Ordered to Publish Retractions of Fraudulent Advertisements , 4428-00 |
|
|
U.S. DISTRICT COURT ENTERS CONSENT ORDERS AGAINST JOSEPH P. MCGIVNEY, SR. AND EDWIN A. KOZIOL, JR. REQUIRING THEM TO PAY MORE THAN $800,000 IN RESTITUTION AND PERMANENTLY BARRING THEM AND THEIR COMPANY FROM THE FUTURES INDUSTRY FOR FRAUDULENT COMMODITY POOL SCHEME , 4425-00 |
|
|
COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AND OTHER EQUITABLE RELIEF AGAINST DAVID MICHAEL LOYD IN EUROPACIFIC EQUITY AND CAPITAL MANAGEMENT, LTD., COMMODITY POOL FRAUD CASE; Order Requires Loyd to Make Full Restitution of Up to $2.5 Million to Investors , 4424-00 |
|
|
CFTC FILES AND SETTLES ACTION AGAINST WILLIAM G. BILLINGS AND BILLFUND, INC. OF OKLAHOMA IN CONNECTION WITH THE FRAUDULENT OPERATION OF THREE COMMODITY POOLS; CFTC Order Finds that the Respondents Defrauded at Least 40 Pool Participants Out of Approximately $1.6 Million , 4422-00 |
|
|
CFTC CHARGES PHILLIP FERGUSON d/b/a FERGUSON FINANCIAL, B& F TRADING, AND FIRST INVESTOR’S GROUP WITH COMMODITY POOL FRAUD AND FAILURE TO REGISTER AS A COMMODITY POOL OPERATOR , 4420-00 |
|
|
CFTC CHARGES ROBERT L. DORMAGEN AND DELTA FINANCIAL CORP. WITH FRAUD IN CONNECTION WITH THE CAPITAL GROUP III, L.P. COMMODITY POOL AND OTHER INDIVIDUAL CUSTOMERS , 4418-00 |
|
|
COURT PRELIMINARILY ENJOINS DEFENDANTS FROM CONTINUING TO OPERATE IN A CASE ALLEGING AN $18 MILLION FRAUDULENT PRECIOUS METALS SCHEME; Court Found that Defendants -- Including IBS Inc. and IMC Trading Inc. -- Fraudulently Solicited Customers From Offices In Four States , 4417-00 |
|
|
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST IRA M. LAVENDER IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CLIENTS , 4413-00 |
|
|
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST SEUNGHO KIM, JOHN KI PARK, AND HOUSTON SYSTEM TRADING, LLC IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CUSTOMERS AND POOL PARTICIPANTS , 4412-00 |
|
|
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST DALE LUTHER MOCK, CHARGING HIM WITH UNAUTHORIZED TRADING AND FRAUD , 4411-00 |
|
|
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST TIMOTHY BENGSON, CHARGING HIM WITH FRAUDULENTLY ALLOCATING CUSTOMER TRADES , 4410-00 |
|
|
CFTC FILES ENFORCEMENT ACTIONS AGAINST GLENN B. LAKEN, OF CHICAGO, ILLINOIS, AND WILLIAM M. STEPHENS, OF SAN FRANCISCO, CALIFORNIA; Respondents May Have Their CFTC Registrations Suspended Or Modified Due To Pending Federal Felony Charges Against Them , 4408-00 |
|
|
UTAH FEDERAL COURT ENTERS PERMANENT INJUNCTION AGAINST JOHN LARRY SCHENK, SAM GRAY AND FIDELITY TRADERS GROUP IN CFTC ENFORCEMENT ACTION CHARGING FRAUDULENT OPERATION OF FOUR COMMODITY POOLS; Court Permanently Bars John Larry Schenk and Sam Gray From the Commodity Industry and Orders Restitution to Defrauded Investors , 4406-00 |
|
|
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST HOWARD E. THOMPSON FOR EXCEEDING EXCHANGE TRADING LIMITS AND FILING A FALSE REPORT; CFTC Orders Thompson To Pay $50,000 Civil Monetary Penalty and Imposes A Sixty Day Trading Suspension , 4404-00 |
|
|
CFTC FILES AND SETTLES ADMINISTRATIVE ENFORCEMENT ACTION AGAINST STANLEY C. HARLEY FOR FAILING TO REGISTER AS A COMMODITY TRADING ADVISOR AND TO DELIVER REQUIRED DISCLOSURE DOCUMENTS , 4403-00 |
|
|
CFTC FILES ACTION AGAINST MICHAEL JAMES KONKEL CHARGING HIM WITH FRAUD IN THE OPERATION OF A COMMODITY POOL; Court Issues Ex Parte Order Freezing Assets & Prohibiting Destruction of Books and Records , 4401-00 |
|
|
CFTC Participates in International "<i>Internet Surf"</i> Day to Uncover Fraudulent Promotion of Commodity Schemes, , 4399-00 |
|
|
U.S. DISTRICT COURT ORDERS FORMER ALPHARETTA, GEORGIA, MAN TO PAY $3.3 MILLION RESTITUTION AND PERMANENTLY BARS HIM AND HIS COMPANY FROM THE FUTURES INDUSTRY FOR FRAUDULENT COMMODITY POOL SCHEME; The CFTC Alleged that Donald E. James Pooled More than $5 Million from at Least 25 Investors throughout Georgia and Florida and Fraudulently Misappropriated Some of the Investors' Funds; In March 2000, James Was Sentenced to 51 Months in a Federal Prison , 4398-00 |
|
|
CFTC FILES TEN ACTIONS ALLEGING FRAUDULENT INTERNET PROMOTION OF COMMODITY TRADING SYSTEMS AND ISSUES CONSUMER ADVISORY; CFTC Issues Ten Orders Against Fraudulent Internet Promoters; CFTC also Warns the Public to Be Wary of Websites which Claim that Purchasers of Trading Systems and Advisory Services Will Make Substantial Profits and Be Exposed to Minimal Risk of Loss , 4397-00 |
