Fla. Man Settles CFTC Suit Over $28M Ponzi Scheme
A federal judge in Florida approved the CFTC’s settlement with Milton, a former managing member of Trade-LLC, concluding the agency’s suit that alleged Milton and his colleagues defrauded several investment clubs and pilfered millions of dollars.
Milton agreed to a permanent injunction barring him from soliciting funds or trading commodity futures on behalf of investors. He also...
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