August 07, 2014
Purported precious metals wholesaler AmeriFirst Management LLC and its owners must pay $35 million in restitution and penalties to resolve a U.S. Commodity Futures Trading Commission suit alleging they operated an illegal, off-exchange financing scheme for gold, silver and platinum transactions, the CFTC said Thursday.
July 31, 2013
The U.S. Commodity Futures Trading Commission launched a suit Monday in Florida federal court alleging purported precious metals wholesaler AmeriFirst Management LLC and its owners operated an illegal, off-exchange financing scheme for gold, silver and platinum transactions that defrauded customers of $9.7 million.