08/14/2000
CFTC ACCEPTS SETTLEMENT OFFERS OF CURTIS McNAIR ARNOLD AND LONDON FINANCIAL, INC. IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CLIENTS; Arnold Is Ordered To Pay A $100,000 Civil Monetary Penalty, Among Other Sanctions
08/07/2000
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST REGISTRANTS JOSEPH FRAITES, MICHAEL MARTIN, MARK MUELLER, AND ALFRED ZAMOJCIN IN CASE INVOLVING THE FAILURE TO OBTAIN AND RECORD ACCOUNT IDENTIFICATION IMMEDIATELY UPON RECEIPT OF CUSTOMER ORDERS; The CFTC Order Imposes Civil Monetary Penalties Aggregating $35,000 and Restricts Respondents' Registrations
07/31/2000
TEXAS FEDERAL COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AGAINST KENT C. CALHOUN, INDIVIDUALLY, AND AS AN AGENT OF OR DOING BUSINESS AS KCI SEMINARS, IN CFTC ENFORCEMENT ACTION CHARGING FRAUDULENT ADVERTISING AND PROHIBITED REFERENCES TO CFTC IN ADVERTISEMENTS, Calhoun Is Barred From Referencing the CFTC or Otherwise Using the CFTC’s Name in Soliciting Customers And Is Ordered to Publish Retractions of Fraudulent Advertisements
07/21/2000
U.S. DISTRICT COURT ENTERS CONSENT ORDERS AGAINST JOSEPH P. MCGIVNEY, SR. AND EDWIN A. KOZIOL, JR. REQUIRING THEM TO PAY MORE THAN $800,000 IN RESTITUTION AND PERMANENTLY BARRING THEM AND THEIR COMPANY FROM THE FUTURES INDUSTRY FOR FRAUDULENT COMMODITY POOL SCHEME
07/20/2000
COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AND OTHER EQUITABLE RELIEF AGAINST DAVID MICHAEL LOYD IN EUROPACIFIC EQUITY AND CAPITAL MANAGEMENT, LTD., COMMODITY POOL FRAUD CASE; Order Requires Loyd to Make Full Restitution of Up to $2.5 Million to Investors
07/17/2000
CFTC FILES AND SETTLES ACTION AGAINST WILLIAM G. BILLINGS AND BILLFUND, INC. OF OKLAHOMA IN CONNECTION WITH THE FRAUDULENT OPERATION OF THREE COMMODITY POOLS; CFTC Order Finds that the Respondents Defrauded at Least 40 Pool Participants Out of Approximately $1.6 Million
07/13/2000
CFTC CHARGES PHILLIP FERGUSON d/b/a FERGUSON FINANCIAL, B& F TRADING, AND FIRST INVESTOR’S GROUP WITH COMMODITY POOL FRAUD AND FAILURE TO REGISTER AS A COMMODITY POOL OPERATOR
07/06/2000
CFTC CHARGES ROBERT L. DORMAGEN AND DELTA FINANCIAL CORP. WITH FRAUD IN CONNECTION WITH THE CAPITAL GROUP III, L.P. COMMODITY POOL AND OTHER INDIVIDUAL CUSTOMERS
07/05/2000
COURT PRELIMINARILY ENJOINS DEFENDANTS FROM CONTINUING TO OPERATE IN A CASE ALLEGING AN $18 MILLION FRAUDULENT PRECIOUS METALS SCHEME; Court Found that Defendants -- Including IBS Inc. and IMC Trading Inc. -- Fraudulently Solicited Customers From Offices In Four States
06/30/2000
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST SEUNGHO KIM, JOHN KI PARK, AND HOUSTON SYSTEM TRADING, LLC IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CUSTOMERS AND POOL PARTICIPANTS
