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...U.S. Commodity Futures Trading Commission v. One World Capital Group, et al., Case Number 07-CV-7002; Filed in the Northern District of Illinois before Judge Lefkow
Any important case developments or instructions to the customers will be posted to this website.
Notice to customers:
As explained below, in January 2009, John Walsh, president and principle of One World Capital Group and…
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… sale of digital commodities in interstate commerce and the misappropriation of its customers’ assets. [9] Earlier this …
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...Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Northern District of Texas against Dallas-based Damien Moran, and precious metals dealer companies Crown Bullion, Inc. and Bright Future Financial LLC (also d/b/a Oakhurst Metals) for fraudulently soliciting customers to purchase precious metals in self-…
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...Washington, D.C. — The Commodity Futures Trading Commission today announced Judge Carlos E. Mendoza of the U.S. District Court for the Middle District of Florida issued a default judgment granting a permanent injunction and imposing monetary sanctions against Florida resident Avinash Singh and his company, Highrise Advantage, LLC. The order resolves a civil enforcement action the CFTC brought…
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...Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of Florida entered a consent order on March 20 imposing a permanent injunction, civil monetary penalty, restitution, and equitable relief against Joseph Carvajales (Carvajales), a resident of Florida.
The order requires Carvajales to pay $2.4 million in restitution…
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… scheme involving digital asset commodities, including misappropriation and the illegal offering of digital asset … and affiliated companies finding they engaged in fraud by misappropriation of material, nonpublic information by … injunction in an enforcement action charging fraud, misappropriation, and registration violations in connection …
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...Washington, D.C. — The Commodity Futures Trading Commission today announced the U. S. District Court for the Southern District of Florida entered a consent order today imposing a permanent injunction, restitution, and civil monetary penalty against Empires Consulting Corp., a Florida corporation that operated commodity pools under the name EmpiresX.
The order finds, among other things…
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...Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Eastern District of Michigan against Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc. (QYUHI), a Wyoming corporation with a purported principal place of business in Dallas, Texas.
The complaint charges Robinson and…
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...Washington, D.C. — The Commodity Futures Trading Commission’s Office of Customer Education and Outreach today issued a customer advisory warning the public about Artificial Intelligence (AI) scams. Customer Advisory: AI Won’t Turn Trading Bots into Money Machines explains how the scams use the potential of AI technology to defraud investors with false claims that entice them to hand over their…
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… Dissenting Statement of Commissioner Caroline D. Pham on Misappropriation Theory in Derivatives Markets (Sept. 27, …
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