ILLINOIS DISTRICT COURT JUDGE ORDERS CHICAGO BROKER KEITH W. KRYSINSKI TO PAY MORE THAN $400,000 IN ANTI-FRAUD CASE, WHILE BANNING THE DEFENDANT FROM THE FUTURES INDUSTRY FOR AT LEAST FIVE YEARS
WASHINGTON, D.C. -- The U.S. Commodity Futures Trading Commission (CFTC) announced today that Judge Amy J. St. Eve of the U.S. District Court for the Northern District of Illinois entered a consent order of permanent injunction against Keith W. Krysinski of Chicago, Illinois, a former Chicago Mercantile Exchange member and floor broker. The court’s action concludes a CFTC anti-fraud action against the defendant filed on November 26, 2003 (CFTC News Release 4870-03, December 4, 2003).
The CFTC complaint charged Krysinski with fraudulently soliciting in excess of $400,000 in customer funds purportedly to trade futures through his personal account, and misappropriating a portion of those funds, and creating a false statement to cover up the fraud.
The court’s consent settlement order permanently prohibits Krysinski from further violations of the federal commodity laws charged against him and prohibits Krysinski from trading commodity futures, security futures, or commodity options for his personal account for a minimum of five years.
The order also prohibits Krysinski from engaging in, controlling, or directing the trading of futures or options accounts for other persons for a period of seven years.
Finally, the court's order requires Krysinski to re-pay more than $350,000 to two customers and to pay a $60,000 civil monetary penalty. Krysinski neither admitted nor denied the findings in the order.
The following Division of Enforcement staff members are responsible for this case: Jennifer S. Diamond, Elizabeth M. Streit, Hugh Rooney, Rosemary Hollinger, Cynthia Cannon, and Anne Smith.
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