Queen Shoals Execs, CFTC Settle $22M Fraud Case

Law360, New York (July 12, 2011, 3:42 PM EDT) -- Queen Shoals Consultants LLC and two executives of the allegedly fake foreign currency trader struck a deal in North Carolina on Tuesday to end the U.S. Commodity Futures Trading Commission's suit alleging they fraudulently pulled in more than $22.3 million from investors.

The CFTC lodged a joint motion with Queen Shoals, Gary D. Martin and Brenda K. Martin seeking approval of a consent order that would bar the defendants from participating in any commodity trading and from future violations of the Commodity Exchange Act. The deal...
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Case Information

Case Title

US Commodity Futures Trading Commission v. Martin et al

Case Number



North Carolina Western

Nature of Suit



Robert J. Conrad, Jr

Date Filed

March 15, 2011

Government Agencies

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