Fla. Trader Accused Of Fraud To Fork Over $1.4M

Law360, New York (May 27, 2010, 5:37 PM EDT) -- A Florida commodity futures trader has agreed to pay a $1.4 million civil penalty for allegedly lying about his background in order to solicit $2.5 million for an outfit named Oasis Futures and then hiding losses from investors.

Judge M. Casey Rodgers of the U.S. District Court for the Northern District of Florida signed off on the consent order between the U.S. Commodity Futures Trading Commission and David A. Owen on May 20, the CFTC announced Thursday.

In addition to the $1.4 million penalty, the consent...
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