A ONE-STOP PORTAL OF INFORMATION FOR FUTURES AND COMMODITIES TRADERS


CFTC Enforcement Actions on Commodity Futures Brokers and othe Operators Selling in the Futures and Forex Markets in 2005
2006 2005 2004 2003 2002
December 22, 2005 - CFTC FILES AND SETTLES FRAUD ACTION AGAINST COMMODITY POOL OPERATOR VERAS INVESTMENT PARTNERS, LLC; CFTC Finds that Veras, Along with Owners and Managing Members James McBride and Kevin Larson, Failed to Disclose Illegal and Deceptive Trading Practices to Pool Participants; Order Imposes $500,000 Penalty on Veras, McBride, and Larson, and Revokes Their Registrations,
http://www.cftc.gov/opa/enf05/opa5149-05.htm
December 22, 2005 - CFTC CHARGES THIRTEEN FLORIDA RESIDENTS AND COMPANIES WITH DEFRAUDING CUSTOMERS OF MORE THAN $6 MILLION; CFTC Charges that Defendants Fraudulently Solicited Nearly 400 Customers to Trade Commodity Options Contracts and Misappropriated Customer Funds,
http://www.cftc.gov/opa/enf05/opa5148-05.htm
December 22, 2005 - Federal Court Freezes Assets Of Three Related South Florida Firms And Their Principal In CFTC Action Alleging A $14 Million Foreign Currency (forex) Fraud; CFTC Charges Carlos Alejandro Libera Saume and His Companies with Stealing Funds of 140 Customers
http://www.cftc.gov/opa/enf05/opa5147-05.htm
December 20, 2005 - CFTC Issues Consumer Advisory Warning About Promises of Easy Profits from Commodity Futures and Options Trading Based on Seasonal Demand and Other Well-Known Public Information,
http://www.cftc.gov/opa/enf05/opa5146-05.htm
December 15, 2005 - CFTC Obtains Federal Court Order Freezing Assets of FX Trading, LLC of Iselin, New Jersey, and Charges Firm with Failing to Maintain Minimum Net Capital Requirements for Registered Futures Commission Merchants,
http://www.cftc.gov/opa/enf05/opa5144-05.htm
December 7, 2005 - Washington State Commodity Advisory Firm Trade Risk Management and Firm President James Maggio Charged With Fraud,
http://www.cftc.gov/opa/enf05/opa5142-05.htm
November 28, 2005 - Illinois Federal Court Requires Canadian Commodity Pool Operator Kevin J. Steele To Pay Over $7 Million In Restitution To Defrauded Investors In CFTC Enforcement Action,
http://www.cftc.gov/opa/enf05/opa5139-05.htm
November 18, 2005 - CFTC Orders Shahrokh Nikkhah to Pay a $200,000 Civil Monetary Penalty in Fraudulent Trade Allocation Case,
http://www.cftc.gov/opa/enf05/opa5137-05.htm
October 24, 2005 - CFTC FILES FRAUD ACTION AGAINST HEDGE FUND OPERATED BY LAKE DOW CAPITAL; Federal Court Freezes Assets of Hedge Fund and its Operator,
http://www.cftc.gov/opa/enf05/opa5135-05.htm
October 20, 2005 - U.S. DISTRICT COURT FREEZES ASSETS OF SOUTH FLORIDA FOREIGN CURRENCY FIRM MADISON FOREX INTERNATIONAL BASED ON FRAUD ALLEGATIONS BY CFTC; Owner, John Peter D'Onofrio, and Employees Christopher Peck, Gary Baugh, and Lea Lauren Allegedly Lied to Customers When Pitching Foreign Currency Options; Predecessor Company Chadwick Grayson Bauer & Co., and Employees Also Charged With Foreign Currency Fraud,
http://www.cftc.gov/opa/enf05/opa5134-05.htm
October 19, 2005 - CFTC OBTAINS FEDERAL COURT ORDER FREEZING ASSETS OF BULGARIAN WEBSITE OWNER IN FOREIGN CURRENCY FRAUD ACTION; CFTC Charges Marin Illiev Yanev with Fraudulent Solicitation of Customers Through His Websites,
http://www.cftc.gov/opa/enf05/opa5132-05.htm
October 18, 2005 - CFTC CHARGES FLORIDA BUSINESS INTERNATIONAL CURRENCY EXCHANGE, INC. AND ITS PRINCIPALS WITH $900,000 FOREIGN CURRENCY OPTIONS SCAM; CFTC Alleges that International Currency Exchange, Inc., Michael Cottec, John Aucella, and Eugene Aucella Fraudulently Solicited Customers; Worldwide Clearing, LLC Also Charged,
http://www.cftc.gov/opa/enf05/opa5131-05.htm
October 18, 2005 - CFTC CHARGES NORTH CAROLINA RESIDENT JOHN POOLE WITH FRAUD; CFTC Alleges that Poole, as a Commodity Trading Advisor, Made False Representations on His Website Regarding the Profitability of His Commodity Trading System,
http://www.cftc.gov/opa/enf05/opa5130-05.htm
October 5, 2005 - CFTC BRINGS FRAUD CHARGES AGAINST SOUTH AFRICAN RESIDENT JAMES DE WET WHO OPERATES COMPANY TEAM FOREX INTERNATIONAL AND WEBSITE; CFTC Alleges That de Wet, Doing Business As Team Forex International, Misrepresented His Trading Track Record,
http://www.cftc.gov/opa/enf05/opa5126-05.htm
October 5, 2005 - CFTC CHARGES TWO GEORGIA CORPORATIONS AND FIVE OTHERS IN $4.6 MILLION COMMODITY OPTIONS FRAUD SCHEME; CFTC Complaint Names American Derivatives Corp., Brokerage Management Corp., Layne David Gerstel, Devereux Decatur Booth and David N. Mittler as Participants In Alleged Fraudulent Solicitations Of More Than 274 Customers; Futures Commission Merchants National Commodities Corp., Inc. and International Commodity Clearing, LLP Also Charged; Court Enters Asset Freeze Order,
http://www.cftc.gov/opa/enf05/opa5125-05.htm
October 4, 2005 - CFTC ASSESSES PENALTIES AGAINST IRISH COMPANY TRADE EXCHANGE NETWORK LIMITED FOR OFFERING ILLEGAL COMMODITY OPTION CONTRACTS; Trade Exchange Network Cooperates with Federal Investigation and Agrees to Pay Civil Penalty of $150,000,
http://www.cftc.gov/opa/enf05/opa5124-05.htm
September 29, 2005 - Hedge Fund Operator Bayou Management, Its Employees Samuel Israel III And Daniel E. Marino, And Accounting Firm Richmond Fairfield Associates, Are Charged With Misappropriation And Fraud In An Action Brought By U.S. Commodity Futures Trading Commission,
http://www.cftc.gov/opa/enf05/opa5121-05.htm
September 29, 2005 - CFTC CHARGES OHIO FUTURES BROKER TODD DELAY WITH MANIPULATION OF THE FEEDER CATTLE MARKET; CFTC Action Also Charges Nebraska Feedlot Managers Jack McCaffery and John Lawless with Assisting Scheme by Delivering False Cattle Sales Reports to USDA,
http://www.cftc.gov/opa/enf05/opa5120-05.htm
September 20, 2005 - CFTC ALLEGES THAT NEVADA RESIDENT BERNADETTE FLAVELL VIOLATED A COMMISSION ORDER BY PROVIDING FALSE INFORMATION,
http://www.cftc.gov/opa/enf05/opa5116-05.htm
September 20, 2005 - CFTC CHARGES NEW YORK HEDGE FUND, LINUXOR ASSET MANAGEMENT, AND ITS PRINCIPAL, ABBAS A. SHAH, WITH FRAUD; CFTC Alleges that Linuxor and Shah Defrauded Fund Participants by Failing to Send Them Required Periodic Statements and by Misrepresenting the Value of the Fund; Defendants Also Charged With Failure to Send Timely Required Annual Reports to the National Futures Association,
http://www.cftc.gov/opa/enf05/opa5115-05.htm
September 20, 2005 - CFTC CHARGES FORMER HEAD OF NATURAL GAS TRADING DESK AT AEP ENERGY SERVICES, INC. WITH ATTEMPTED MANIPULATION AND FALSE REPORTING; Joseph P. Foley Allegedly Directed the Submission of Thousands of False Reports About Natural Gas Trades to Skew Natural Gas Indexes,
http://www.cftc.gov/opa/enf05/opa5114-05.htm
September 19, 2005 - CFTC ASSISTS IN SUCCESSFUL CRIMINAL PROSECUTION OF STUART MICHAEL HELFFRICH, Convicted of Wire Fraud and Fraudulent Conversion of his Customers' Commodity Futures Positions,
http://www.cftc.gov/opa/enf05/opa5113-05.htm
August 30, 2005 - CFTC FREEZES OVER $1.5 MILLION OF HEDGE FUND'S ASSETS IN FRAUD CASE; CFTC Charges Stuart Pippin, Individually And Doing Business As Pippin Investments, With Fraud For Issuing False Trading Results To Pool Participants,
http://www.cftc.gov/opa/enf05/opa5112-05.htm
August 30, 2005 - CFTC Fines Foreign Futures and Options Broker Credit Lyonnais Rouse Limited for Entering Illegal, Prearranged Futures Trades on U.S. Markets,
http://www.cftc.gov/opa/enf05/opa5111-05.htm
August 17, 2005 - CFTC SUES FORMER BROOKLYN RESIDENT DAWN MUSOROFITI FOR COMMODITIES FRAUD; CFTC Alleges That Musorofiti Defrauded Customers By Promising Large Profits Without Risk and Pretending to Be a New York Mercantile Exchange Broker,
http://www.cftc.gov/opa/enf05/opa5109-05.htm
August 8, 2005 - HAWAIIAN RESIDENT BARRY SCHOTZ ORDERED TO PAY $4.5 MILLION IN SETTLEMENT OF CFTC FRAUD ACTION; Court Also Enjoins Los Angeles-Area Resident Randolph Gale in Same Commodity Pool Fraud Scheme,
http://www.cftc.gov/opa/enf05/opa5107-05.htm
August 3, 2005 - CFTC Revokes Registration of Palomino Capital Management, A Commodity Pool Operator in Pittsburgh, Pennsylvania,
http://www.cftc.gov/opa/enf05/opa5106-05.htm
August 2, 2005 - CFTC SUSPENDS AND RESTRICTS REGISTRATION OF CHICAGO MERCANTILE EXCHANGE TRADER DEAN KAULENTIS; Cattle Trader's Registration Suspended for Six Weeks and Then Restricted for Three Years,
http://www.cftc.gov/opa/enf05/opa5105-05.htm
August 2, 2005 - CFTC BRINGS FRAUD CHARGES AGAINST FLORIDA FATHER AND SON, JACK AND CHRIS SMITHERS; CFTC Alleges That Jack and Chris Smithers, and Their Company, Prosperity Consultants, Inc., Fraudulently Solicited Customers to Trade Commodity Futures Contracts; Chris Smithers Also Charged With Breach of Prior Injunction,
http://www.cftc.gov/opa/enf05/opa5104-05.htm
July 29, 2005 - CFTC CHARGES FLORIDA FOREIGN CURRENCY FIRM PRESIDENTIAL FX, INC. AND TWO EMPLOYEES WITH FRAUD; CFTC Alleges That Firm and Employee Joseph Marchiano Fraudulently Solicited Customers to Trade Foreign Currency Options; Adam León is Charged as a Controlling Person of Presidential,
http://www.cftc.gov/opa/enf05/opa5102-05.htm
July 25, 2005 - CFTC CHARGES OXNARD, CALIFORNIA RESIDENT BRETT E. LOVETT WITH DEFRAUDING COMMODITY FUTURES CUSTOMERS; CFTC Alleges Lovett Cheated Fellow Church Member; Federal Court Issues Order Freezing Defendant's Assets ,
http://www.cftc.gov/opa/enf05/opa5101-05.htm
July 21, 2005 - CFTC AND STATE OF CALIFORNIA CHARGE SAN FRANCISCO FOREIGN CURRENCY FIRM NATIONAL INVESTMENT CONSULTANTS, INC. AND OTHER COMPANIES AND INDIVIDUALS WITH FRAUD; Federal Court Freezes Assets of National Investment Consultants, Inc.; South China Investments, Inc.; Pacific Best Group Limited, a.k.a. Pacific Best Company Ltd.; Run Ping Zhou, a.k.a Flora Zhou; Yi Kerry Xu; and Wei M. Tse, a.k.a. Raymond Tse,
http://www.cftc.gov/opa/enf05/opa5099-05.htm
U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES IOWA MAN WITH FRAUD; CFTC Alleges that Victor Lochmann Misappropriated Customer Funds and Engaged in Unauthorized Trading
http://www.cftc.gov/opa/enf05/opa5098-05.htm
June 30, 2005 - FEDERAL COURT ENTERS JUDGMENTS AGAINST MICHIGAN AND NEW JERSEY RESIDENTS AND TWO PANAMANIAN COMPANIES IN MARQUIS COMMODITY POOL FRAUD CASE; Court Orders Payments To Customers And Penalties Totaling More Than $2.5 Million,
http://www.cftc.gov/opa/enf05/opa5096-05.htm
June 30, 2005 - CFTC OBTAINS PRELIMINARY INJUNCTION PREVENTING FLORIDA COMMODITY TRADING FIRM, UNITED INVESTORS GROUP, INC. AND FIVE EMPLOYEES, FROM VIOLATING THE COMMODITY EXCHANGE ACT; Nearly 98 Percent Of Accounts Opened At UIG Between August 2003 And June 2004 Lost Money Trading Commodity Options; Customers Lost More Than $6.1 Million, While UIG Charged Over $4.25 Million In Commissions And Fees,
http://www.cftc.gov/opa/enf05/opa5095-05.htm
June 30, 2005 - CFTC CHARGES ILLINOIS RESIDENT CAMERON CHARLES WITH DEFRAUDING HIS EMPLOYER, WATSEKA FARMERS GRAIN CO. COOPERATIVE
http://www.cftc.gov/opa/enf05/opa5094-05.htm
June 29, 2005 - U.S. COMMODITY FUTURES TRADING COMMISSION SANCTIONS UK AND GERMAN TRADING COMPANIES FOR ILLEGALLY PREARRANGING FUTURES TRADES THAT REPRESENTED FICTITIOUS SALES ON U.S. MARKETS,
http://www.cftc.gov/opa/enf05/opa5093-05.htm
June 29, 2005 - FEDERAL COURT FREEZES ASSETS OF FIVE FLORIDA FOREIGN CURRENCY (FOREX) BOILER ROOMS AND FIVE INDIVIDUALS CHARGED WITH DEFRAUDING CUSTOMERS OF OVER $17 MILLION; U.S. Commodity Futures Trading Commission Charges Fraudulent Solicitation of Customers to Trade Foreign Currency Options Contracts By Defendants World Market Advisors, Inc., U.S. Capital Management, Inc., United Equity Group, Inc., Liberty One Advisors, LLC, Lighthouse Capital Management, LLC, Jason T. Dean, Steven D. Knowles, Paul F. Plunkett, Joseph D. Valko and Jeffrey Paul Jedlicki; Universal Options, Inc., Qualified Leverage Providers, Inc. and Safeguard FX, LLC Also Charged With Liability As Principals; Complaint Charges More Than 96 Percent of Customers Lost Money While Paying Defendants $8.6 Million in Commission,
http://www.cftc.gov/opa/enf05/opa5092-05.htm
June 29, 2005 - CFTC OBTAINS FEDERAL COURT FREEZE OF ASSETS OF PHILADELPHIA COMPANY AND ITS PRESIDENT IN FRAUD ACTION INVOLVING HEDGE FUND AND $230 MILLION COMMODITY POOL; CFTC Charges Philadelphia Alternative Asset Management Co., LLC, And Its President, Paul M. Eustace, With Issuing False Trading Results To Pool Participants; National Futures Association Assists CFTC In Its Action,
http://www.cftc.gov/opa/enf05/opa5091-05.htm
June 23, 2005 - FEDERAL COURT FREEZES ASSETS OF FLORIDA ILLEGAL OFF-EXCHANGE METALS OPTIONS FIRM AND TWO CORPORATE OFFICERS; CFTC Charges E-Metal Merchants, Inc., Benji Dayan, And Andrew Stern With Illegal Metals Options Trading
http://www.cftc.gov/opa/enf05/opa5089-05.htm
June 23, 2005 - CFTC CHARGES FLORIDA FIRM COMMODITY INVESTMENT GROUP AND ITS PRINCIPALS WITH FRAUD RESULTING IN OVER $9 MILLION IN LOSSES TO CUSTOMERS; CFTC Alleges That Linda and Michael Kuhney Fraudulently Solicited Customers To Trade Commodity Options Contracts,
http://www.cftc.gov/opa/enf05/opa5088-05.htm
June 21, 2005 - ILLINOIS MAN SANCTIONED FOR UNAUTHORIZED COMMODITY TRADING; CFTC Imposes Trading Ban and Monetary Penalty on David J. Mueller,
http://www.cftc.gov/opa/enf05/opa5087-05.htm
June 20, 2005 - FEDERAL COURT FREEZES ASSETS OF FLORIDA FIRM WINDSOR FOREX TRADING CORP. AND ITS OWNER, ANTHONY FRISONE, IN FOREIGN CURRENCY (FOREX) FRAUD CASE; Registered Futures Commission Merchant COES FX Clearing, Inc. Consents to Entry of Preliminary Injunction,
http://www.cftc.gov/opa/enf05/opa5086-05.htm
June 20, 2005 - CFTC SETTLES CHARGES AGAINST AUDITOR G. VICTOR JOHNSON AND THE ACCOUNTING FIRM OF ALTSCHULER, MELVOIN & GLASSER LLP FOR AUDITING FAILURES; Respondents to Pay $350,000 in Fines and Restitution, and Repay Fees,
http://www.cftc.gov/opa/enf05/opa5085-05.htm
June 16, 2005 - CFTC CHARGES FLORIDA COMMODITY POOL OPERATOR LONGBOAT GLOBAL FUNDS MANAGEMENT, LLC AND ITS PRESIDENT, ROBERT JOSEPH BEASLEY, WITH FRAUD; CFTC Alleges That Defendants Fraudulently Misrepresented Certain Investments,
http://www.cftc.gov/opa/enf05/opa5084-05.htm
June 16, 2005 - CFTC AND STATE OF NEW HAMPSHIRE BRING SALES FRAUD CLAIMS AGAINST FLORIDA TRADING FIRM CROMWELL FINANCIAL SERVICES, INC. AND OTHERS; Complaint by U.S. Commodity Futures Trading Commission and the New Hampshire Secretary of State, Bureau of Securities Regulation, Charges Cromwell Financial Services, Inc. and Certain Employees with Defrauding Customers and Failure to Supervise,
http://www.cftc.gov/opa/enf05/opa5083-05.htm
June 16, 2005 - CFTC SEEKS ENFORCEMENT OF SUBPOENA SERVED ON MCGRAW-HILL; CFTC Moves to Compel Production of Natural Gas Trade Data,
http://www.cftc.gov/opa/enf05/opa5082-05.htm
June 13, 2005 - CFTC Charges Hugh J. Maddox with Fraudulent Trade Allocation Scheme,
http://www.cftc.gov/opa/enf05/opa5081-05.htm
May 27, 2005 - BRITISH COLUMBIA CITIZEN KEVIN STEELE CHARGED WITH DEFRAUDING OVER 200 PARTICIPANTS, INCLUDING U.S. RESIDENTS, IN $7.5 MILLION COMMODITY POOL SCHEME; Scheme Touched Victims Worldwide,
http://www.cftc.gov/opa/enf05/opa5080-05.htm
May 25, 2005 - CFTC CHARGES THREE FLORIDA MEN AND TWO COMPANIES WITH $3 MILLION FOREIGN CURRENCY OPTIONS FRAUD; Melvin Webman, Larry Webman, Lyle Wexler, International Forex Advisory Group, and Worldwide Currencies Corp. Charged with Defrauding Over 125 Customers,
http://www.cftc.gov/opa/enf05/opa5079-05.htm
May 20, 2005 - FORMER WILLIAMS NATURAL GAS TRADER AGREES TO COOPERATE WITH GOVERNMENT; CFTC Continues Probe Into Illegal Conduct by Natural Gas Traders,
http://www.cftc.gov/opa/enf05/opa5078-05.htm
May 19, 2005 - CFTC CHARGES OKLAHOMA RESIDENT RANDY STEVE LANIER WITH DEFRAUDING CUSTOMERS,
May 10, 2005 - CFTC SANCTIONS LOS ANGELES-AREA COMMODITY POOL OPERATOR JAMES WEATHERFORD, DOING BUSINESS AS MANAGED MINI.COM
http://www.cftc.gov/opa/enf05/opa5075-05.htm
April 28, 2005 - CFTC CHARGES THREE DEFENDANTS IN FLORIDA AND ONE DEFENDANT IN CALIFORNIA WITH FOREIGN CURRENCY OPTIONS FRAUD: Amended Complaint Alleges the Defendants' Activities Caused Losses of More than $5.8 Million to at Least 350 Customers
http://www.cftc.gov/opa/enf05/opa5073-05.htm
April 27, 2005 - CALIFORNIA FEDERAL COURT ORDERS CITY TRUST AND INVESTMENT CO. LTD. OF TOKYO, JAPAN, TO PAY MORE THAN $11 MILLION IN FOREIGN CURRENCY SCAM; Federal Court Orders Defendant to Pay Civil Penalty and Repay Defrauded Customers
http://www.cftc.gov/opa/enf05/opa5072-05.htm
April 26, 2005 - KANSAS FEDERAL COURT ORDERS CALIFORNIA RESIDENT DEREK ABRAHAMS TO PAY CIVIL PENALTY FOR FRAUDULENTLY PROMOTING COMMODITY TRADING SYSTEMS
http://www.cftc.gov/opa/enf05/opa5071-05.htm
April 21, 2005 - CFTC SETTLES FRAUD CHARGES WITH NEVADA MARKETING FIRM, PROFIT PARTNERS INC.; Firm Barred From Fraudulently Soliciting Customers to Purchase Commodity Futures and Options Trading Systems,
http://www.cftc.gov/opa/enf05/opa5070-05.htm
April 18, 2005 - FEDERAL COURT ISSUES ORDER FREEZING ASSETS OF FLORIDA FOREIGN CURRENCY TRADING FIRM AND ITS VICE-PRESIDENT; BOTH CHARGED WITH FRAUD; CFTC Charges Defendants G7 Advisory Services, LLC and Michel Geraud With Fraudulently Soliciting Customers to Trade Foreign Currency Options,
http://www.cftc.gov/opa/enf05/opa5069-05.htm
April 14, 2005 - CFTC CHARGES COLORADO ENERGY EXECUTIVE WITH FALSE REPORTING AND ATTEMPTED MANIPULATION OF NATURAL GAS PRICES; CFTC Files Federal Action in Denver, Colorado Against Andrew Richmond, Former Director of Marketing for Western Gas Resources, Inc.,
http://www.cftc.gov/opa/enf05/opa5068-05.htm
April 12, 2005 - U.S.DISTRICT COURT ISSUES ORDER REQUIRING FLORIDA RESIDENTS WILLIAM A. FOLINO, GEORGE BELANGER AND INVESTORS FREEDOM CLUB LC TO PAY OVER $2 MILLION IN RESTITUTION IN FOREX COMMODITY SCAM; William Folino Also Ordered To Pay Up To $2.3 Million In Civil Penalties,
http://www.cftc.gov/opa/enf05/opa5066-05.htm
April 6, 2005 - CFTC SETTLES ACTION AGAINST COMMODITY POOL OPERATOR FOR UNAUTHORIZED TRADING OF CLIENT FUNDS; Jeffrey Thomas Allen Banned From Trading Commodity Futures and Options,
http://www.cftc.gov/opa/enf05/opa5065-05.htm
March 31, 2005 - FEDERAL COURT ISSUES INTERIM ORDER BARRING FOREIGN FUND, AN INTERNET CURRENCY TRADING FIRM, FROM DEFRAUDING CUSTOMERS, AND ORDERS THE APPOINTMENT OF A TEMPORARY RECEIVER; Court's Order Continues Asset Freeze against Foreign Fund and Bars the Sale of Illegal Futures Contracts,
http://www.cftc.gov/opa/enf05/opa5063-05.htm
March 23, 2005 - CALIFORNIA FOREIGN CURRENCY FIRM AND ITS PRINCIPAL AGREE TO PAY OVER $1 MILLION IN SETTLEMENT OF U.S. GOVERNMENT FOREIGN CURRENCY FRAUD ACTION; In Settling Charges by the U.S. Commodity Futures Trading Commission, Defendants Ben Ouyang and Victco Financial Services, Inc. Consented to Release over $1 Million in Frozen Funds as Restitution to Defrauded Customers; Consent Order also Imposes Civil Penalty of $120,000 and a Permanent Injunction,
http://www.cftc.gov/opa/enf05/opa5060-05.htm
March 18, 2005 - U.S. COMMODITY FUTURES TRADING COMMISSION APPLAUDS SUCCESSFUL PROSECUTION OF OPERATION WOODEN NICKEL DEFENDANT, Anthony Iannuzzi Convicted of Wire Fraud and Conspiracy to Commit Wire Fraud in "Points for Cash" Scheme,
http://www.cftc.gov/opa/enf05/opa5059-05.htm
March 15, 2005 - CFTC CHARGES FLORIDA MAN AND HIS COMPANY WITH VIOLATIONS BASED ON OFFER AND SALE OF FOREIGN CURRENCY OPTIONS; William David Seigler, Jr. and Sonoma Trading Corporation Allegedly Solicited Customers to Trade Foreign Currency (Forex) Options Contracts Via the Internet,
http://www.cftc.gov/opa/enf05/opa5056-05.htm
March 15, 2005 - FEDERAL COURT FREEZES ASSETS OF FLORIDA FOREIGN CURRENCY FIRM AND OTHERS IN U.S. GOVERNMENT LAWSUIT CHARGING A COMMODITY OPTIONS SCAM; CFTC Charges Mercury Partners, Inc.; Mercury Financial Partners, Inc.; Mercury Management, L.C.; Bruce N. Crown; Andrew Bartos; and Michael Morgan with Fraud and Misappropriation of Customer Funds,
http://www.cftc.gov/opa/enf05/opa5055-05.htm
March 14, 2005 - CFTC AND SEC ANNOUNCE $50 MILLION DISTRIBUTION TO FORMER CUSTOMERS OF PRINCETON ECONOMICS INTERNATIONAL, LTD., AND PRINCETON GLOBAL MANAGEMENT, LTD.,
http://www.cftc.gov/opa/enf05/opa5054-05.htm
March 8, 2005 - FEDERAL COURT FREEZES ASSETS OF SEATTLE FIRM AND FOUR OTHER DEFENDANTS CHARGED WITH INTERNATIONAL SCHEME THAT DEFRAUDED U.S. CUSTOMERS OF OVER $8.5 MILLION; CFTC Alleged That Premium Income Corp., Its Principal, Gerald Rogers, And Others, Made False Claims About Profit and Risk, And Misappropriated Funds; Rogers is a Recent Ex-Convict Who Served Time for Similar Crimes,
http://www.cftc.gov/opa/enf05/opa5053-05.htm
March 8, 2005 - FEDERAL COURT FREEZES ASSETS OF SEATTLE FIRM AND FOUR OTHER DEFENDANTS CHARGED WITH INTERNATIONAL SCHEME THAT DEFRAUDED U.S. CUSTOMERS OF OVER $8.5 MILLION; CFTC Alleged That Premium Income Corp., Its Principal, Gerald Rogers, And Others, Made False Claims About Profit and Risk, And Misappropriated Funds; Rogers is a Recent Ex-Convict Who Served Time for Similar Crimes,
http://www.cftc.gov/opa/enf05/opa5053-05.htm
March 8, 2005 - MARYLAND FEDERAL COURT ENTERS CONSENT ORDER AGAINST FORMER RESIDENT ANDREW M. SILBERSTEIN IN COMMODITY POOL FRAUD ACTION; In Action Brought by U.S.Commodity Futures Trading Commission and the State of Maryland, Silberstein Is Ordered to Pay Total Sanctions of $560,000,
http://www.cftc.gov/opa/enf05/opa5052-05.htm
February 24, 2005 - Tennessee Foreign Currency Firm FxTrade Financial, LLC, and Jeffrey Mischler, its CEO and Managing Partner, Along with Seven Others, Agree to Order Finding that They Violated Court Orders Preventing Dissipation of Customer Funds,
http://www.cftc.gov/opa/enf05/opa5051-05.htm
February 18, 2005 - U.S. COMMODITY FUTURES TRADING COMMISSION AND OTHER FEDERAL AUTHORITIES COOPERATE TO SHUT DOWN NEW YORK FOREIGN CURRENCY (FOREX) BOILER ROOM OPERATION; CFTC CHARGES RICHMOND GLOBAL ENTITIES OF STATEN ISLAND, NEW YORK AND FOUR INDIVIDUALS WITH DEFRAUDING 160 CUSTOMERS OF MILLIONS OF DOLLARS IN FOREX SCHEME; CFTC Assisted U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation,
http://www.cftc.gov/opa/enf05/opa5050-05.htm
February 3, 2005 - U.S. District Court Orders Florida Company World-Wide Currency, Corp., and Florida Residents Genady Spivack a.k.a. George Spivak and Ellison Kent Morris to Pay Over $6 Million in Civil Fraud Action,
http://www.cftc.gov/opa/enf05/opa5048-05.htm
February 2, 2005 - CFTC AWARDED FINAL JUDGMENT IN FRAUD ACTION AGAINST INTERTRADE FOREX, INC. AND UK RESIDENT PRITESH PATEL; Defendants Ordered to Pay More Than $650,000 in Civil Penalty and Customer Restitution,
http://www.cftc.gov/opa/enf05/opa5047-05.htm
February 2, 2005 - Federal Court Orders New Jersey Resident James I. Weiss and Clearview Capital Management, Inc. to Pay Sanctions of $800,000 in Foreign Currency Fraud Case,
http://www.cftc.gov/opa/enf05/opa5046-05.htm
February 1, 2005 - CFTC LAUNCHES MULTIPLE FEDERAL ACTIONS AGAINST A TOTAL OF 15 ENERGY TRADERS, CHARGING THEM WITH FALSE REPORTING AND ATTEMPTED MANIPULATION; CFTC Names Former Traders of Enserco Energy, Inc., Mirant Americas Energy Marketing, Cinergy Corp., Duke Energy Trading and Marketing, CMS Field Services Inc., and Coral Energy Resources, LLP,
http://www.cftc.gov/opa/enf05/opa5045-05.htm
January 27, 2005 - CFTC SEEKS TO REVOKE REGISTRATIONS OF ILLINOIS RESIDENT LESLIE JEAN WNUKOWSKI;
http://www.cftc.gov/opa/enf05/opa5042-05.htm
January 26, 2005 - CFTC SETTLES LAWSUIT WITH AMERICAN ELECTRIC POWER COMPANY AND AEP ENERGY SERVICES, INC. FOR FALSE REPORTING AND ATTEMPTED MANIPULATION IN NATURAL GAS MARKETS; Federal Government Collects $81 Million: Defendants Ordered to Pay $30 Million Civil Monetary Penalty to CFTC; AEP Energy Services, Inc. to Pay an Additional $30 Million to U.S.Department of Justice to Avoid Federal Criminal Prosecution, and $21 Million to the Federal Energy Regulatory Commission,
http://www.cftc.gov/opa/enf05/opa5041-05.htm
January 19, 2005 - CFTC FINDS THAT PRINCETON, NEW JERSEY, COMMODITY TRADING ADVISOR ROYAL BERG, INC. AND ITS PRINCIPAL, GARY BERG, VIOLATED DISCLOSURE OBLIGATIONS,
http://www.cftc.gov/opa/enf05/opa5040-05.htm
January 13, 2005 - TEXAS FEDERAL COURT ORDERS DEFENDANTS RICHARD HALE AND ALLEGHENY GULF INVESTMENTS, INC. TO PAY $440,000 IN CIVIL PENALTIES FOR MISAPPROPRIATING CUSTOMER FUNDS; Defendants Also Prohibited From Handling Commodity Interest Accounts,
http://www.cftc.gov/opa/enf05/opa5039-05.htm
January 13, 2005 - U.S. DISTRICT COURT ENJOINS SOUTH CAROLINA RESIDENT GEORGE HEFFERNAN FROM ENGAGING IN COMMODITIES FRAUD; FREEZES ASSETS; Order Arises From Complaint By CFTC Charging Heffernan, Also Known As "George W. Marshall," With Fraud for the Third Time in Four Years,
http://www.cftc.gov/opa/enf05/opa5038-05.htm
January 11, 2005 - FEDERAL COURT FREEZES ASSETS OF FLORIDA FIRM AND FIVE INDIVIDUALS CHARGED WITH DEFRAUDING CUSTOMERS OF OVER $6 MILLION; CFTC Alleges that United Investors Group, Inc., Former Director Andrew D. Ross, CEO Paul F. Plunkett, and Traders Greg P. Allotta, Jay M. Levy, and Michael H. Savitsky III, Made False Claims that Customers Would Make Large Profits with Little Risk,
http://www.cftc.gov/opa/enf05/opa5037-05.htm
January 11, 2005 - CALIFORNIA FEDERAL JUDGE ORDERS ARREST OF JIAN ZHUANG, PRESIDENT OF LOS ANGELES-AREA FOREIGN CURRENCY FIRM EMERALD WORLDWIDE HOLDINGS, INC., IN LAWSUIT CHARGING A COMMODITIES SCAM; Zhuang Failed to Pay Money Sanctions Arising Out of Earlier Contempt Order in CFTC Case Charging Zhuang and Others With Defrauding More than 300 Customers of Over $5 Million,
http://www.cftc.gov/opa/enf05/opa5036-05.htm
January 5, 2005 - CFTC SETTLES CHARGES AGAINST FLORIDA TRADING FIRM AND TWO INDIVIDUALS RELATING TO ILLEGAL WASH TRADES; Hencorp Becstone Futures LC, Jorge Mattos, and Oscar Schaps Ordered to Pay Civil Penalties,
http://www.cftc.gov/opa/enf05/opa5034-05.htm






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