Prestige, D2W Assets Frozen Over Alleged Forex Plot

Law360, New York (September 12, 2011, 1:55 PM EDT) -- The U.S. Commodity Futures Trading Commission last week won a freeze on Prestige Capital Advisors LLC's and D2W Capital Management LLC's assets in connection with the agency's North Carolina suit alleging they fraudulently solicited $7 million in commodity futures and foreign currency contracts.

U.S. District Judge Max O. Cogburn Jr. on Sept. 6 granted the CFTC's emergency motion to freeze the assets of the companies and their owner, Toby D. Hunter, saying there was sufficient cause to believe the defendants violated the Commodity Exchange Act....
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Case Information

Case Title

US Commodity Futures Trading Commission v. Prestige Capital Advisors, LLC et al


Case Number

3:11-cv-00431

Court

North Carolina Western

Nature of Suit

Securities/Commodities

Judge

Max O. Cogburn, Jr

Date Filed

September 6, 2011

Companies

Government Agencies

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