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CFTC Orders a California Commodity Trading Advisor to Pay More Than $4 Million for Fraud and Registration Violations
...Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Sharief Deona McDowell, of Loma Linda, California, for fraud in connection with options on commodity futures contracts by a commodity trading advisor (CTA) and for failing to register as a CTA. The order requires McDowell to pay $2,376,509.96 in restitution and a…
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Statement of Commissioner Kristin N. Johnson Regarding CFTC Action Against Retail Forex Ponzi Scheme Targeting Spanish Speakers in Puerto Rico and the Continental United States
… Charges Wisconsin Woman and Her Companies with Fraud and Misappropriation , Apr. 13, 2022, … Charges Wisconsin Woman and Her Companies with Fraud and Misappropriation , Apr. 13, 2022, …
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CFTC Customer Advisory Alerts App and Social Media Users to Financial Romance Fraud
...Washington, D.C. — The Commodity Futures Trading Commission’s Office of Customer Education and Outreach (OCEO) today issued a customer advisory alerting dating/messaging app and social media users to a scam asking for financial support or giving investment advice using the platforms. Just in time for Valentine’s Day, the Customer Advisory: Six Warning Signs of Online Financial Romance…
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Statement of Commissioner Kristin N. Johnson Supporting Enforcement Action Against Bitcoin Fraud
… of Commissioner Kristin N. Johnson Regarding Fraud and Misappropriation by a Digital Asset Ponzi Scheme, Feb. 16, … Charges Four Operators for $44 Million Bitcoin Ponzi and Misappropriation Schemes, Mar. 8, 2022, …
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Statement of Commissioner Kristin N. Johnson: Let’s Stop Forex Ponzi Schemes
...Today, the Commodity Futures Trading Commission (CFTC or Commission) announced that it filed proposed Consent Orders with the U.S. District Court for the Middle District of Florida resolving claims against Daniel Cologero; Surujpaul Sahdeo; Randy Rosseau; Hemraj Singh; Green Knight Investments, LLC; Bull Run Advantage, LLC; SR&B Investment Enterprises, Inc.; and King Royalty, LLC (…
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CFTC Charges Several People and Companies in a $145 Million Ponzi Scheme
… for the Southern District of Texas, charging fraud and misappropriation against Marcus Todd Brisco of Wailuku, …
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Statement of Commissioner Kristin N. Johnson Regarding CFTC Settlement with First State Depository Company, LLC and Argent Asset Group LLC for Precious Metals Fraud
… enforcement authority. The active efforts to conceal misappropriation by sending fake account statements …
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CFTC Charges Illinois Man and His Firm for Operating a Fraudulent Retail Forex Commodity Pool
...Washington, D.C. — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of Illinois against Coby Young and his firm, Young Emerging Strategies LLC, both of Illinois. The complaint charges the defendants with fraud in connection with leveraged, margined, or financed retail foreign currency transactions (retail forex…
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CFTC Charges Chinese National with Fraudulent Scheme to Trade Against Employer
… and we will continue to focus on rooting out the unlawful misappropriation and misuse of confidential information.” …
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Statement of Commissioner Kristin N. Johnson Regarding CFTC Consent Order Imposing $1.7 Billion in Restitution against South African Commodity Pool Operator
...Today, the Commodity Futures Trading Commission (CFTC or Commission) announced the entry of a consent order against Mirror Trading International Proprietary Limited (MTI) by the Hon. David A. Ezra of the United States District Court for the Western District of Texas. MTI and its CEO, Cornelius Johannes Steynberg, engaged in an international multi-level marketing scheme by which they solicited…
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