September 18, 2017
A North Carolina federal judge on Monday ruled the U.S. Commodity Futures Trading Commission can have some but not all of the additional sanctions it wanted for two men who are doing time in federal prison for their roles in what prosecutors alleged was a $40 million Ponzi scheme involving a nonexistent currency trading platform.
July 31, 2015
A North Carolina federal judge has hit two former purported hedge fund managers and their companies with a $76 million judgment in a suit brought by the U.S. Commodity Futures Trading Commission after they were convicted of operating a foreign currency exchange Ponzi scheme.
January 14, 2011
The U.S. Commodity Futures Trading Commission is seeking to bar several Black Diamond Capital Solutions LLC executives from commodities trading for their alleged $35 million Ponzi scheme based around a nonexistent foreign currency trading platform.