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US Commodity Futures Trading Commission v. Simmons et al
Case Number:
3:11-cv-00023
Court:
Nature of Suit:
Judge:
Firms
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September 18, 2017
CFTC Wins Sanctions Against 2 Jailed In $40M Ponzi Scheme
A North Carolina federal judge on Monday ruled the U.S. Commodity Futures Trading Commission can have some but not all of the additional sanctions it wanted for two men who are doing time in federal prison for their roles in what prosecutors alleged was a $40 million Ponzi scheme involving a nonexistent currency trading platform.
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July 31, 2015
CFTC Wins $76M Judgment Over Hedge Fund Ponzi Scheme
A North Carolina federal judge has hit two former purported hedge fund managers and their companies with a $76 million judgment in a suit brought by the U.S. Commodity Futures Trading Commission after they were convicted of operating a foreign currency exchange Ponzi scheme.
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January 14, 2011
CFTC Eyes Black Diamond Execs Over $35M Ponzi Plot
The U.S. Commodity Futures Trading Commission is seeking to bar several Black Diamond Capital Solutions LLC executives from commodities trading for their alleged $35 million Ponzi scheme based around a nonexistent foreign currency trading platform.