February 14, 2020
A former trader and his two companies are on the hook for nearly $22.7 million in connection with fraudulent foreign exchange trading, an Alabama federal judge said Friday.
May 30, 2019
An Alabama federal judge Thursday declined to order $25.7 million in disgorgement from an Illinois man sentenced to prison for a fraudulent foreign exchange trading scheme, ruling that the U.S. Commodity Futures Trading Commission may be overstepping in its civil collection request.
May 31, 2018
An Illinois man who went to prison and forfeited several million dollars for a fraudulent foreign exchange trading scheme panned an attempt Wednesday by the U.S. Commodity Futures Trading Commission to pile on an extra $103 million in disgorgement and penalties in a related civil suit, telling an Alabama federal judge the calculations are flawed.
April 30, 2018
The U.S. Commodity Futures Trading Commission said Monday an Illinois man and his Nevada-based foreign exchange currency companies should cough up $103 million in disgorgement and civil penalties after an Alabama federal judge found the trio orchestrated a forex trading scheme involving Iraqi dinars and Vietnamese dong.