CFTC Accuses 'Global' Options Firm Of $1.3M Fraud

Law360, New York (February 25, 2009, 12:00 AM EST) -- The U.S. Commodity Futures Trading Commission on Tuesday sued a Florida investment company and its attorney-in-fact for allegedly scamming investors in on-exchange commodity futures out of about $1.3 million in 2006 and 2007.

In a complaint filed in the U.S. District Court for the Southern District of Florida, the CFTC alleges that Zurich Futures & Options Inc. and Michele LaBruce, who signed for all bank accounts and real property for the company, told investors that the company was a registered, international options trading operation, when in...
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