Paron Strikes Deal To End CFTC Accounting Fraud Suit

Law360, New York (September 4, 2012, 4:58 PM EDT) -- Paron Capital Management LLC has resolved a U.S. Commodity Futures Trading Commission suit alleging the firm and its former principal concealed accounting fraud, according to a proposed consent order filed Tuesday in California federal court.

Paron agreed not to violate the Commodity Exchange Act or trade commodity futures, options, swaps or foreign exchange contracts. The CFTC sued Paron and former principal James Crombie last year, claiming they lied in a National Futures Association audit to cover up the firm's use of fraudulent promotion materials to solicit...
To view the full article, register now.




Case Information

Case Title

United States Commodity Futures Trading Commission v. Paron Capital Management, LLC et al

Case Number



California Northern

Nature of Suit



Claudia Wilken

Date Filed

September 15, 2011

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.