Trader To Pay $4.4M To End CFTC's Ponzi Scheme Suit

Law360, New York (October 27, 2011, 4:29 PM EDT) -- The indicted co-founder of a North Carolina trading firm on Thursday settled a suit brought by the U.S. Commodity Futures Trading Commission alleging he and his cohorts bilked investors out of more than $3 million through a commodity pool Ponzi scheme.

Nicholas T. Cox — who has been separately indicted on fraud, money laundering and conspiracy charges — agreed to pay about $4.4 million to end the financial regulator's complaint filed in North Carolina federal court. He also consented to a permanent injunction barring him from...
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Case Information

Case Title

U.S. COMMODITY FUTURES TRADING COMMISSION v. INTEGRA CAPITAL MANAGEMENT LLC et al


Case Number

1:10-cv-00737

Court

North Carolina Middle

Nature of Suit

Securities/Commodities

Judge

THOMAS D. SCHROEDER

Date Filed

September 28, 2010

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