Mich. Couple Ordered To Pay $3.14M In Fraud Case

Law360, New York (February 5, 2008, 12:00 AM EST) -- A court has granted summary judgment in a case filed by futures regulators against a Michigan couple who allegedly bilked investors of more than $2 million in a fraudulent futures trading scheme, ordering the pair to pay $3.14 million in restitution and fines.

Judge Robert Bell of the U.S. District Court for the Western District of Michigan on Friday granted a request for summary judgment filed by the Commodities Futures Trading Commission in its case against Ty and Monette Klotz, founders of investment firm Aurifex Commodities...
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