Convicted Ohio Fraudster Banned From Futures Market

Law360, New York (June 2, 2011, 8:54 PM EDT) -- An Ohio federal judge Thursday signed off on a consent order barring from the commodity futures market an investment adviser who was sentenced to nine years in prison for running a nearly $40 million Ponzi scheme.

U.S. District Judge David D. Dowd Jr. approved the agreement between Enrique F. Villalba and the U.S. Commodity Futures Trading Commission, settling a suit the regulator brought against the founder of Money Market Alternative LP, who was convicted of bilking investors in five states.

"Villalba and MMA misappropriated at least...
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Case Information

Case Title

Commodity Futures Trading Commission v. Villalba et al


Case Number

5:10-cv-00647

Court

Ohio Northern

Nature of Suit

Securities/Commodities

Judge

David D. Dowd, Jr

Date Filed

March 29, 2010

Government Agencies

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