03/20/2000
CFTC CHARGES IMC COMMON ENTERPRISE AND THREE INDIVIDUALS IN $18 MILLION FRAUDULENT PRECIOUS METALS SCHEME; Court Freezes Defendants' Assets and Appoints Receiver to Take Control of Business; CFTC Charges Defendants with Fraudulently Telemarketing Customers And Offering Illegal Futures Contracts
03/09/2000
CFTC SETTLES ACTION AGAINST FARMERS COOPERATIVE COMPANY, FINDING THAT IT OFFERED TO ENTER INTO, AND ENTERED INTO, ILLEGAL FUTURES AND OPTION CONTRACTS AND OPERATED AS AN UNREGISTERED FUTURES COMMISSION MERCHANT; CFTC Order Also Accepts Offers of Settlement from Three Former Employees and Finds that Richard Houge and Larry D. Peterson aided and abetted each of Farmer Co-op’s Violations and that John A. McPherson aided and abetted Farmer Co-op’s operation as an unregistered Futures Commission Merchant
03/07/2000
CFTC FILES AND SETTLES ENFORCEMENT ACTION AGAINST JAMES DEN HARTOG OF WORTHINGTON, MINNESOTA, AND JAMES BAUMGARD, OF SPIRIT LAKE, IOWA, IN UNAUTHORIZED TRADING CASE; CFTC Finds that James Den Hartog Defrauded His Employer by Engaging in Unauthorized Trading and that James Baumgard, an Account Executive, is Also Liable in Connection with Den Hartog’s Trading
02/28/2000
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST CURRENCY TRADING SYSTEMS, JOYCE ROEDER, GLENN CYBULSKI, AND MICHAEL STEWART CHARGING FRAUD IN SOLICITING STUDENTS TO ATTEND SEMINARS TO LEARN AND PURCHASE A COMMODITY TRADING SYSTEM
02/22/2000
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST FORMER CERES TRADING GROUP BRANCH MANAGER DARRYL M. OSLER CHARGING THAT HE COMMITTED COMMODITY FRAUD; CFTC Alleges that Osler, of Delray Beach, Florida, Instructed Brokers Under His Supervision to Make False and Misleading Statements to Customers in Order to Convince Them to Open Accounts and to Place Trades
02/22/2000
CFTC FILES A FRAUD ACTION AGAINST DAVID M. MOBLEY, SR., MARICOPA INTERNATIONAL INVESTMENT CORPORATION, ENSIGN TRADING CORPORATION, AND OTHERS AND A PROPOSED CONSENT ORDER OF PRELIMINARY INJUNCTION AND STATUTORY RESTRAINING ORDER; CFTC Complaint Alleges Defendants Carried Out A Multi-Million Dollar Fraud On Investors In Funds Managed By Mobley and Entities He Owned And Controlled; Defendants’ Alleged Fraudulent Scheme Included The Concealment of Losses Incurring From Trading of Commodity Futures And Options On Behalf Of A Commodity Pool
02/17/2000
CFTC ACCEPTS SETTLEMENT OFFERS OF LEXUS FINANCIAL GROUP, INC., MARK LEE SINGER AND DAVID ALAN LUGER IN CONNECTION WITH THE FRAUDULENT SOLICITATION OF CUSTOMERS; CFTC Order Finds that Lexus, Singer, and Luger Committed Fraud in Soliciting Customers to Trade Options on Commodity Futures Contracts, Revokes Their Registrations, and Prohibits Them from Trading; Requires Singer and Luger to Pay $6.8 Million in Restitution To Defrauded Customers
02/17/2000
CALIFORNIA FEDERAL DISTRICT COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AND RESTITUTION AGAINST MARK E. CHULIK IN CFTC INJUNCTIVE ACTION CHARGING COMMODITY POOL FRAUD; CFTC Files And Settles Related Statutory Disqualification Proceeding and Revokes Chulik’s Registration As a Commodity Trading Advisor
02/16/2000
CFTC FINDS CAPITAL INSIGHT BROKERAGE, INC. STATUTORILY DISQUALIFIED FROM REGISTRATION AND ISSUES ORDER ACCEPTING OFFER OF SETTLEMENT AND REVOKING CAPITAL INSIGHT’S REGISTRATION
02/09/2000
SELLERS OF COMMODITY TRADING COURSE PAY $185,000 IN RESTITUTION AND PENALTIES AND ACCEPT INDUSTRY BAN UNDER CONSENT ORDER ISSUED BY MINNESOTA COURT; CFTC Had Charged Pelton Street Publishing, Inc. and Roger Martin Hoy with Fraudulent Sales Practices
