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CFTC Accuses Calif. Fund Of Commodity Pool Fraud

Law360 (September 3, 2008, 12:00 AM EDT) -- The U.S. Commodity Futures Trading Commission has sued a California-based investment group for allegedly making false trading statements in a scheme to defraud commodity pool investors.

The complaint, filed Aug. 26 in the U.S. District Court for the Central District of California, accuses Forward Investment Group LLC and its principal, Robert D. Bame, of violating the Commodity Exchange Act through their fraudulent operation of a commodity pool in 2007 and 2008.

The complaint alleges that the defendants amassed at least $605,000 in a commodity trading account and then lost $595,000 of that money.

The defendants then allegedly gave at least one...

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Case Information

Case Title

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Case Number

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Court

California Central

Nature of Suit

Securities/Commodities

Judge

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Date Filed

August 25, 2008

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