10/12/2004
CFTC CHARGES ILLINOIS-BASED COMMODITY TRADING ADVISOR AND ITS PRINCIPALS WITH MISREPRESENTING PROFITS AND RISKS; The Options Advisor L.L.C. and Principals Mark Melin and David Farrra Charged
10/04/2004
CFTC CHARGES NEW YORK FIRM FIRST LIBERTY GROUP AND ITS PRESIDENT, MAURICIO DA SILVA, WITH STEALING MILLIONS IN FOREIGN CURRENCY SCAM; U.S. District Court Judge Freezes Defendants' Assets and Prohibits Defendants from Destroying Documents
10/04/2004
LOS ANGELES-AREA FOREIGN CURRENCY FIRM EMERALD WORLDWIDE HOLDINGS, INC., AND ITS PRESIDENT, JIAN ZHUANG, SANCTIONED BY COURT FOR FAILING TO COMPLY WITH CONTEMPT ORDER IN FEDERAL LAWSUIT CONCERNING INTERNATIONAL CURRENCY SCAM THAT ALLEGEDLY DEFRAUDED 300 CUSTOMERS OF OVER $5 MILLION; Court Orders Coercive Sanctions, Including Fines, And Warns Of Possible Arrest of Zhuang For Failure To Pay
10/04/2004
CFTC SETTLES CHARGES AGAINST THREE UK-BASED TRADING FIRMS FOR PARTICIPATING IN ILLEGAL WASH TRADES ON U.S. MARKETS; Fimat International Banque SA, Refco Overseas Ltd. and Credit Lyonnais Rouse Limited Ordered to Pay Total of $75,000 in Civil Penalties
09/30/2004
COURT ORDERS ILLINOIS BROKER JOHN M. LOFGREN AND MELROSE ASSET MANAGEMENT TO PAY OVER $5.5 MILLION TO DEFRAUDED COMMODITY POOL PARTICIPANTS
09/30/2004
CFTC FILES ACTION AGAINST G. VICTOR JOHNSON AND THE ACCOUNTING FIRM OF ALTSCHULER, MELVOIN & GLASSER LLP FOR ALLEGED AUDITING FAILURES
09/28/2004
CFTC CHARGES FLORIDA BUSINESSES AND EMPLOYEES WITH FRAUD; CFTC Alleges that Wilshire Investment Management Corporation, Owner Andrew Alan Wilshire, Employees Eric Scott Malcolmson and James Joseph Russo, and Guarantor National Commodities Corporation, Inc. Fraudulently Solicited Customers to Trade Option Contracts
09/27/2004
CFTC AWARDED FINAL JUDGMENT IN FRAUD ACTION AGAINST WORLD BANKS FOREIGN CURRENCY TRADERS, INC. AND OTHERS; Defendants Ordered to Pay Over $8 Million in Restitution and Civil Penalties
09/20/2004
CFTC CHARGES THREE ADDITIONAL DEFENDANTS IN PENDING TENNESSEE FRAUD ACTION; Amended Complaint Alleges that Gordon J. Vandeveld, Ernst H. Behr, and Reverie LLC Made Fraudulent Misrepresentations When Soliciting Customers to Purchase Foreign Currency Futures
09/17/2004
OFFICE MANAGER OF LOS ANGELES FOREIGN CURRENCY FIRM AGREES TO COOPERATE WITH GOVERNMENT AND SETTLES CHARGES OF SELLING ILLEGAL OFF-EXCHANGE FOREIGN CURRENCY FUTURES CONTRACTS
