Displaying results 341 - 350 of 880
CFTC Charges Long Island Resident and His Firm in Ongoing $59 Million Fraud Scheme
… New York, charging them with fraudulent solicitation and misappropriation in connection with soliciting clients to …
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Federal Court Orders Oregon Owner of Precious Metals Firm to Pay $1.3 Million to Victims of Fraudulent Precious Metals Scheme
… Aaron Michael Scott of Portland, Oregon for fraud and misappropriation in connection with a precious metals scheme … a CFTC action against Scott for engaging in fraud and misappropriation in connection with a gold-and-silver scheme …
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CFTC Charges Former New York City Commodity Pool Operator with Fraud
...Washington, D.C. — The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Mark A. Ramkishun, a former resident of New York City. The complaint alleges that Ramkishun fraudulently induced individuals in the U.S. to participate in a purported commodity pool called Leo Growl LLC…
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South Florida Court Orders International Investments Holdings Corporation to Pay Over $12 Million in Restitution and Civil Penalties for Foreign Currency Options Scam
… purportedly trading forex option contracts. To hide the misappropriation scheme, the complaint alleged IIHC and …
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CFTC Releases Annual Enforcement Results for Fiscal Year 2015
… Holdings, LLC , engaged in fraudulent solicitation and misappropriation of customer funds in connection with a … Company, Inc. and Hannes Tulving, Jr. (solicitation and misappropriation of at least $17.8 million from at least 381 …
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CFTC Orders Former Virtual Currency Trader to Pay More than $1.1 Million for Fraudulent Bitcoin and Litecoin Scheme
… transfers into various accounts.  The Firm discovered Kim’s misappropriation in November 2017 and promptly terminated … guilty to one count of wire fraud in connection with the misappropriation of approximately $601,000 (USD value) of …
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Federal Court Enters $2.2 Million Default Judgment Order against Florida-based Global Precious Metals Trading Company and its Owner, Michael Ghaemi, for Operating a Fraudulent Off-Exchange Precious Metals Scheme
... August 22 2013 Federal Court Enters $2.2 Million Default Judgment Order against Florida-based Global Precious Metals Trading Company and its Owner, Michael Ghaemi, for Operating a Fraudulent Off-Exchange Precious Metals Scheme Defendants Misappropriated over $800,000 of Customer Funds, Virtually All of the Customer Funds Solicited and Accepted to Purchase Precious Metals…
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Federal Court Orders Ohio Resident and Multi-Million Dollar Ponzi Scheme Fraudster Permanently Banned from Trading and Registering with the CFTC
...Washington, D.C. — The Commodity Futures Trading Commission announced today that Judge Michael R. Barrett, of the U.S. District Court for the Southern District of Ohio entered a Consent Order for Permanent Injunction and Other Equitable Relief against Glen Galemmo finding, among other things, that Galemmo fraudulently solicited individuals to place funds in a commodity pool to trade…
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Federal Court Orders Kentucky Resident to Pay $17 Million for Defrauding Commodity Futures Clients
… million in relief for defendant’s wrongdoing, including his misappropriation of client money intended for futures …
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CFTC Charges Company and its Principal in $147 Million Fraudulent Bitcoin Trading Scheme
… balances that were not backed up by actual Bitcoin.     Misappropriation and Confusing Blockchain Transactions   … who requested account withdrawals.   The defendants’ misappropriation scheme relied on creating unique single-use … valid business purpose and were designed solely to conceal misappropriation.   In its continuing litigation, the CFTC …
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