June 24, 2015
The Seventh Circuit on Tuesday upheld a $25 million U.S. Commodities Futures Trading Commission asset freeze connected to the alleged BC Capital Group SA fraud despite claims of an unlawful cash grab by the funds' liquidators, saying that a release of the assets could lead to a premature distribution.
April 21, 2015
A pair of liquidators overseen by a British Virgin Islands court urged the Seventh Circuit on Tuesday to free $25 million of disputed assets seized by the U.S. Commodities Futures Trading Commission in its investment fraud suit against BC Capital Group SA, accusing the regulator of an "unlawful asset grab."
February 24, 2015
The U.S. Commodity Futures Trading Commission on Monday urged the Seventh Circuit to reject two liquidators' challenge to a freeze on disputed assets in a CFTC suit against BC Capital Group SA, arguing it's too early in the case for the issue to even be decided.