CFTC Accuses Fla. Firms, 3 Men Of $17M Fraud

Law360, New York (April 7, 2009, 12:00 AM EDT) -- A federal judge has frozen the assets of three Florida men and two companies that the U.S. Commodity Futures Trading Commission has accused of operating a fraudulent commodity pool and taking investors for $17 million.

The CFTC on Tuesday announced the charges against Capital Blu Management LLC and DD International Holdings LLC, as well as three of their principals and control persons.

The commission filed the suit under seal March 23 in the U.S. District Court for the Middle District of Florida, and Judge John Antoon...
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