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United States Commodity Futures Trading Commission v. Dinar Corp., Inc. et al
Case Number:
1:15-cv-00538
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
-
February 14, 2020
'Dissembling, Combative' Trader Must Pay $22M, Judge Says
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.
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May 30, 2019
Judge Denies CFTC's $26M Disgorgement In Forex Fraud Suit
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.
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May 31, 2018
Forex Dealer Knocks CFTC's Call For $103M In Fraud Suit
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.
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April 30, 2018
CFTC Demands $103M In Iraqi Currency Fraud Case
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.