02/07/2000
CFTC FILES AND SETTLES ACTION AGAINST SOGEMIN METALS INC. IN CONNECTION WITH A FRAUDULENT COMMISSION ARRANGEMENT AND KICKBACK SCHEME; CFTC Order Finds that Sogemin Metals Inc. Defrauded Two Chilean Metals Firms and Orders, Among Other Sanctions, Payment of a $500,000 Civil Monetary Penalty
02/04/2000
CFTC ACCEPTS SETTLEMENT OFFERS OF DUNHILL FINANCIAL GROUP, INC. AND MARK HUTCHERSON IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CUSTOMERS; CFTC Finds that Dunhill and Hutcherson Committed Fraud in Soliciting Customers to Trade Options on Commodity Futures Contracts and Failed to Supervise, and Revokes Their Registrations and Prohibits Them from Trading, among other Sanctions
02/04/2000
CFTC ACCEPTS SETTLEMENT OFFERS OF LEON LEVITIS, ILYA LEVITIS, AND PAUL MANFRE IN CONNECTION WITH THE FRAUDULENT SALE OF ILLEGAL FOREIGN CURRENCY FUTURES CONTRACTS; Order Finds That Leon Levitis, Ilya Levitis, and Paul Manfre Fraudulently Solicited Customers To Enter Into Illegal Foreign Currency Futures Contracts And That Leon Levitis and Ilya Levitis Also Made and Issued False Reports, Bucketed Customer Orders, and Converted and Commingled Customer Funds
02/01/2000
VIRGINIA COURT ENTERS PERMANENT INJUNCTION AND RESTITUTION ORDER IN CFTC INJUNCTIVE ACTION AGAINST PETER BERZINS CHARGING COMMODITY POOL FRAUD; Court Permanently Bars Berzins From Trading, Seeking Registration Or Acting In Any Capacity Requiring Registration With The CFTC and Requires Him to Pay in Excess of $1 Million in Restitution,
02/01/2000
FLORIDA FEDERAL COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AGAINST GLENN R. TAUBMAN IN CFTC ACTION CHARGING REGISTRATION, DISCLOSURE, AND REPORTING VIOLATIONS; Order Imposes Permanent Injunctions and a Two-Year Registration Ban
01/27/2000
CFTC ACCEPTS SETTLEMENT OFFERS FROM FIRST OPTIONS OF CHICAGO, INC. IN TWO ENFORCEMENT ACTIONS, AND ORDERS MORE THAN $200,000 IN MONETARY SANCTIONS; In One Action, CFTC Finds That First Options of Chicago Is Liable For Violations Of, And Failed To Diligently Supervise its Guaranteed Introducing Broker; In The Second Action, CFTC Finds Recordkeeping Violations
01/21/2000
INDIANA FEDERAL COURT ENTERS JUDGMENT AGAINST MARKET CAPITAL GROWTH, INC.; CARMEN FIELD; AND MONA SMITH AND ORDERS RESTITUTION OF OVER $1.2 MILLION TO BE PAID TO DEFRAUDED INVESTORS IN COMMODITY POOL FRAUD CASE; Court Also Enters Consent Orders Of Permanent Injunction Against Steven D. Hudkins, Bart BeMiller and Robert J. Riethman and Orders Hudkins and BeMiller To Pay Restitution Of Over $600,000
12/22/1999
CFTC ISSUES ORDER ACCEPTING OFFERS OF SETTLEMENT FROM FRANK BARBARINO AND FRANK D'AMATO, FINDING THAT BARBARINO AND D’AMATO ARE SUBJECT TO STATUTORY DISQUALIFICATION AND RESTRICTING THEIR REGISTRATIONS AS FLOOR BROKERS AT THE NYMEX
12/20/1999
CFTC FILES AND SETTLES ACTION AGAINST GEORGE W. VELISSARIS FOR COMMODITY POOL FRAUD; CFTC Finds that Velissaris Defrauded Investors by Misappropriating Commodity Pool Funds and Misrepresenting the Profitability of the Commodity Pools, and Orders Restitution to Defrauded Investors, Among Other Sanctions
12/20/1999
Florida District Court Orders $2.29 Million in Disgorgement from Marc Stephen Wuensch for Commodity Options Fraud
