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RELEASE: pr6504-13

  • January 28, 2013

    CFTC Seeks to Revoke the Registration of Robert A. Christy and the Registrations of his Company, Crabapple Capital Group LLC, Based on Court’s Permanent Injunction Order Prohibiting Them from Committing Further Fraud

    Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today filed a notice of intent to revoke the registrations of Robert A. Christy and Crabapple Capital Group LLC (Crabapple), both of Georgia. Christy is registered as an Associated Person and listed as a principal of Crabapple. Crabapple is a registered Commodity Pool Operator and Commodity Trading Advisor.

    The CFTC’s notice alleges that Christy and Crabapple are subject to statutory disqualification of their registrations based on a consent order for permanent injunction entered by the U.S. District Court for the Northern District of Georgia on October 16, 2012 (see CFTC Press Release 6400-12, October 23, 2012). The consent order prohibits Christy and Crabapple from committing further fraud, among other violations as charged, and includes findings that Christy and Crabapple fraudulently misappropriated over $1 million of pool participant funds, fraudulently solicited prospective pool participants, and made material false statements to pool participants.

    In the consent order, Christy and Crabapple were held liable for fraud in connection with their operation of a Ponzi scheme, and were ordered, among other things, to pay $1,099,598 in restitution to victims of the fraud and a $1,541,882 civil monetary penalty.

    CFTC Division of Enforcement staff members responsible for this registration action are Jo Mettenburg, Thomas Simek, Stephen Turley, Charles Marvine, Rick Glaser, and Richard Wagner.

    Media Contacts
    Dennis Holden
    202-418-5088

    Last Updated: January 28, 2013

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