09/24/2003
CFTC CHARGES CHICAGO MAN WITH BILKING COMMODITY INVESTORS IN FRAUDULENT SCHEME; Cameron Ownbey Allegedly Misrepresented His Past Trading Success by Falsely Claiming Annual Returns of 250 to 350 Percent; Court Enters Consent Order of Preliminary Injunction Against Ownbey, Freezing His Assets
09/23/2003
NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH DEFRAUDING 378 INVESTORS OF MORE THAN $7 MILLION IN COMMODITY SCAM; CFTC Charges Sun Platinum Group LLC and Eduard Dmanskiy With Commodity Scam Involving Offshore Entities; Federal District Court Judge Orders Defendants' Assets Frozen
09/22/2003
U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES PHOENIX MAN AND HIS COMPANIES WITH DEFRAUDING INVESTORS IN $25 MILLION SCAM; Ronald Holt, International Funding Association, Global Management Group, Inc., and Cambridge Global Group Charged with Misappropriation, Solicitation Fraud, and Offer of Illegal Off-Exchange Futures Contracts
09/17/2003
DUKE ENERGY TRADING AND MARKETING, L.L.C., AN AFFILIATE OF DUKE ENERGY CORPORATION, PAYS $28 MILLION TO SETTLE CFTC CHARGES OF ATTEMPTED MANIPULATION; Duke Energy Trading and Marketing Charged With False Reporting and Attempted Manipulation in Violation of the Commodity Exchange Act
09/11/2003
FEDERAL COURT ORDERS FLORIDA RESIDENTS TO REPAY DEFRAUDED FOREIGN CURRENCY (FOREX) CUSTOMERS $1.9 MILLION; Court Also Orders Defendants Daniel Fasciana and Anthony Russo to Pay Civil Penalties Totaling $6 Million and to Forfeit Certain Assets for Defrauding Customers While Selling Illegal Foreign Currency Option Contracts
09/09/2003
U.S. COMMODITY FUTURES TRADING COMMISSION FINES NYMEX FLOOR BROKER FOR UNLAWFULLY TRADING CRUDE OIL FUTURES CONTRACTS; Michael Garber Settles Charges that He Engaged in Wash Sales, Reported Non-Bona Fide Prices, and Executed Non-competitive Trades; CFTC Also Files Charges Against NYMEX Floor Broker Robert Benjamin Harmon, Jr.
09/09/2003
CFTC SETTLES ACTION AGAINST REMAINING DEFENDANTS IN INDIANA COMMODITY POOL FRAUD; Court Orders Defendants James N. Wilson and JNW Management to Pay More Than $210,000 in Civil Penalties and Disgorgement For Involvement in Ponzi Scheme
09/09/2003
U.S. COMMODITY FUTURES TRADING COMMISSION NOTES THE UNSEALING OF 40-COUNT FEDERAL CRIMINAL INDICTMENT AGAINST DONALD O'NEILL RELATING TO FOREIGN CURRENCY INVESTMENT SCHEME; CFTC Charged O'Neill Civilly in 2002 Based On Same Underlying Facts
09/08/2003
U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES ATLANTA TRADING FIRM, RISK CAPITAL TRADING GROUP, INC. WITH DEFRAUDING CUSTOMERS; Firm and Certain Traders Allegedly Made False Claims that Accounts Would Make Large Profits With Little Risk Due to Political Events, Such as the War in Iraq; Court Enters Restraining Order Freezing Risk Capital Trading Group's Assets and Protecting Books and Records
09/04/2003
COMMODITY FUTURES TRADING COMMISSION SEEKS TO REVOKE REGISTRATIONS OF TODD J. SNIVELY AND HIS COMPANIES BASED ON PERMANENT INJUNCTION ENTERED IN FEDERAL COURT PROCEEDING; Todd J. Snively, Resident of Northville, Michigan, and Two Michigan Corporations, Commodity Consultants International and Futurewise Trading Group, Are Subjects of Registration Actions Based on Misappropriation of $6.27 Million from 900 Customers
