January 10, 2017
A New York federal court has ordered two alleged fraudsters, one already jailed over a separate scheme, to cough up more than $11 million in penalties after finding they spent investors' currency trading funds on personal expenses, the U.S. Commodity Futures Trading Commission said on Tuesday.
August 21, 2015
The U.S. Commodities Futures Trading Commission urged a New York federal judge Thursday to order two alleged fraudsters, one already jailed over a separate scheme, to cough up more than $9 million in penalties and ill-gotten funds they sought from investors for currency trades but instead used for personal expenses.
June 30, 2015
A Manhattan federal judge sentenced Alex V. Ekdeshman to more than seven years in prison Monday after the 42-year-old former CEO of commodity pool operator Paramount Management LLC admitted to soliciting $1.5 million from 100 investors for currency trades and using the money for personal and business expenses.