August 01, 2017
A man who led an illegal commodity pool that held itself out as a hedge fund before he filed for bankruptcy and was charged with theft was ordered on Monday to pay $1.4 million after failing to contest a suit by the U.S. Commodity Futures Trading Commission, with a California federal judge saying further penalties would be useless.
May 30, 2017
A California federal judge has entered a default judgment against a bankrupt foreign exchange company and its husband-and-wife owners over Commodity Futures Trading Commission allegations that they took $1.7 million from investors and then tried to hide bad trades and transfers to themselves with phony account statements.
April 19, 2017
The Commodity Futures Trading Commission asked a California federal judge Wednesday to freeze the assets of a foreign exchange company and its husband-and-wife owners after they allegedly took $1.7 million from investors and then tried to cover up bad trades and transfers to themselves with phony account statements.