Judge Denies Motion To Dismiss In $4.5M Ponzi Case

Law360, New York (February 28, 2011, 8:08 PM EST) -- A federal judge in Florida on Monday tossed a motion to dismiss from Claudio Aliaga, who was accused in April of running a $4.5 million foreign exchange-based Ponzi scheme through his firm CMA Capital Management LLC.

Aliaga had argued his alleged crime wasn’t within the U.S. Commodity Futures Trading Commission’s jurisdiction or governed by the Commodity Exchange Act because he hadn’t traded in commodities at all, but rather offered “loans of capital to be repaid with fixed rates of interest pursuant to written promissory notes,” Judge...
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Case Information

Case Title

Commodity Futures Trading Commission v. Aliaga et al


Case Number

1:10-cv-21074

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Marcia G. Cooke

Date Filed

April 5, 2010

Government Agencies

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