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

3:11-cv-00132

Court

North Carolina Western

Nature of Suit

Securities/Commodities

Judge

Robert J. Conrad, Jr

Date Filed

March 15, 2011

Government Agencies

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