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CFTC FILES $2.4 MILLION ENFORCEMENT ACTION AGAINST CHICAGO RESIDENT EDWARD VELAZQUEZ AND HIS HEDGE FUND, 4988-04
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FEDERAL COURT ORDERS PORTLAND RESIDENTS TO PAY MORE THAN $1.3 MILLION TO SETTLE FOREIGN CURRENCY FUTURES AND OPTIONS FRAUD CHARGES; Court Orders Nancy Hoyt, April Duffy, and Samantha Vorachith to Repay a Total of $596,337 to Investors and to Pay Contingent Civil Penalties Totaling $720,000, 4986-04
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CFTC REVOKES REGISTRATION OF ILLINOIS FLOOR BROKER STUART MICHAEL HELFFRICH; CFTC Action Based in Part on Fraud Findings by Chicago Board of Trade, 4985-04
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CFTC FILES $10 MILLION ENFORCEMENT ACTION AGAINST WINNETKA, ILLINOIS HEDGE FUND TRADEWINDS INTERNATIONAL, LLC, AND ITS PRINCIPAL, CHARLES HARRIS, 4984-04
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CFTC FINDS THAT NYMEX FLOOR BROKER, IZMIR MEHMEDOVIC OF GLENDALE, NEW YORK, DEFRAUDED CUSTOMER, 4980-04
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U.S. DISTRICT COURT GRANTS SUMMARY JUDGMENT TO CFTC IN FRAUD ACTION AGAINST FLORIDA RESIDENTS, Genady Spivack A.K.A. George Spivak, Ellison Kent Morris, AND World-Wide Currency Services, Corp.; defendants Ordered to Pay Over One Million Dollars in Restitution and Are Permanently Banned from Commodity Related Trading or Solicitation, 4979-04
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COURT FINDS THAT FLORIDA RESIDENT AND TWO COMPANIES DEFRAUDED CUSTOMERS IN FOREIGN CURRENCY OPTIONS SCAM: Michael Dippolito, MAD Financial, Inc., and CTU, Inc. Agree to Pay Civil Penalty for Defrauding Investors, 4978-04
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CFTC CHARGES TEXAS-BASED COMMODITY TRADING ADVISOR NEXGEN SOFTWARE SYSTEMS, INC., AND OWNER JOHN P. NOVAK WITH COMMODITIES FRAUD; Defendants Allegedly Solicited Customers to Purchase their Advisory Services Using False Claims; Nexgen and Novak also Failed to Register as Commodity Trading Advisors, 4977-04
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FEDERAL COURT ENJOINS VISALIA, CALIFORNIA COMMODITIES TRADER AND HIS COMPANY FROM VIOLATING THE COMMODITY EXCHANGE ACT; Consent Order of Permanent Injunction Entered Against Donald Steven Smith and His Company, Fibit.com, 4976-04
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MESA, ARIZONA PONZI SCHEME OPERATOR, RONALD STEPHEN HOLT, HELD IN CIVIL CONTEMPT FOR REFUSING TO REVEAL LOCATION OF VICTIMS' FUNDS; Court Orders Holt Jailed After 'Show Cause' Hearing; Action Stems from CFTC Antifraud Charges Brought Against Holt in September 2003, 4975-04
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Illinois District Court Judge Orders Chicago Broker Keith W. Krysinski to Pay More Than $400,000 in CFTC Anti-Fraud Case, While Banning the Defendant from the Futures Industry For at Least Five Years, 4974-04
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CALIFORNIA FIRM CHASE COMMODITIES CORP. & TWO INDIVIDUALS CHARGED WITH DEFRAUDING CUSTOMERS; Firm and Traders Lee Lagorio and Excel Obando Allegedly Made False Claims that Customers Would Make Large Profits with Little Risk, 4973-04
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ENFORCEMENT ACTION FILED AGAINST FORMER CEO OF RITTMEISTER CAPITAL MANAGEMENT, INC.; Pending Federal Criminal Charges Against Udo Rotmistrenko Alleged As Grounds for Suspending CFTC Registrations, 4972-04
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CFTC CHARGES FLORIDA COMPANY WORLDWIDE COMMODITY CORPORATION AND FOUR INDIVIDUALS WITH DEFRAUDING CUSTOMERS; Firm And Certain Traders Allegedly Made False Claims That Accounts Would Make Large Profits With Little Risk Due To Seasonal Events, 4971-04
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CFTC Recognizes Coral Energy Resources, LP's Statement Clarifying Prior Public Statements, 4970-04
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CFTC's Division Of Enforcement Issues Advisory Identifying Cooperation Factors That May Reduce A Litigant's Sanctions, 4968-04
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Former Trader Agrees to Cooperate with U.S. Commodity Futures Trading Commission and Settles Case for Illegal Wash Trades, 4967-04
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CLEVELAND COMMODITIES FIRM, ITS PRESIDENT AND TWO FORMER EMPLOYEES CHARGED WITH FRAUD; Carnegie Trading Group Ltd., Inc. Allegedly Used Fraudulent Statements to Solicit Customers to Trade Commodity Futures and Options, 4966-04
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CFTC APPLAUDS SUCCESSFUL PROSECUTION OF FORMER ENRON TRADER BY CALIFORNIA FEDERAL PROSECUTORS; John M. Forney Pleads Guilty to Conspiracy to Commit Wire Fraud, 4965-04
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CORAL ENERGY PAYS $30 MILLION TO SETTLE U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING, 4964-04
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U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES TRADING SYSTEM DEVELOPER AND PROMOTER AND THEIR PRINCIPALS WITH COMMODITY FRAUD; TradeWins Publishing Corporation and Its President, Stephen A. Schmidt, Allegedly Solicited Customers to Purchase a Trading System Using False Claims; System Developer and His Company Also Charged, 4962-04
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U.S. COMMODITY FUTURES TRADING COMMISSION SETTLES CHARGES AGAINST FIVE INDIVIDUALS FOR TAKING PART IN ARTIFICIAL TRADING SCHEME; CFTC Order Finds That Illinois Residents Daniel J. Collins, Thomas M. Gianos, Bernard Miraglia and John R. Wade, and Wisconsin Resident Edward M. Collins Participated in Illegal Transfer Trades During the 1980s, 4961-04
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NATURAL GAS TRADER HUNTER SHIVELY AGREES TO COOPERATE WITH U.S. COMMODITY FUTURES TRADING COMMISSION IN SETTLING MANIPULATION CASE, 4960-04
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ENRON SETTLES CFTC COMPLAINT CHARGING IT WITH MANIPULATING NATURAL GAS PRICES IN JULY 2001; Federal District Court Enters Consent Order of Permanent Injunction Against Enron, 4959-04
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COMMODITY FUTURES TRADER ORDERED TO PAY MORE THAN $1 MILLION TO DEFRAUDED CUSTOMERS; Federal Court Bans Utah Man, Stanley E. Varner from Trading Commodities for Five Years and Imposes $575,000 Civil Penalty, 4958-04
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CFTC FILES ENFORCEMENT ACTION AGAINST FORMER CEO OF ANICOM, INC.; Pending Federal Criminal Charges Against Scott C. Anixter Alleged As Grounds for Suspending His CFTC Floor Trader Registration, 4957-04
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FEDERAL COURT ORDERS FLORIDA RESIDENTS TO PAY MORE THAN $22 MILLION IN CFTC FOREIGN CURRENCY (FOREX) FUTURES FRAUD ACTION; Court Orders Defendant Donald O'Neill and His Companies to Repay Over $12 Million to Investors and Pay Civil Monetary Penalties Totaling $10.6 Million, 4956-04
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CFTC SETTLES CHARGES AGAINST THREE FORMER AGENTS OF CONVICTED FELON JOHN WHEELER; Defendants Michael Fagan, Robert Mendoza, and Gary Wood Agree to Turn Over Money They Received from Wheeler as Commissions, 4955-04
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CFTC SETTLES RECORDKEEPING CHARGES AGAINST UNITED ENERGY, INC. AND DANA CHRISTOPHER BRAY RELATING TO TRADING IN NATURAL GAS FUTURES; United Energy, Inc. Also Settles Charges of Failure to Supervise Bray, 4953-04
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CFTC ORDERS PONZI SCHEME PARTICIPANTS WILLIAM ROGERS, MARIA TOCZYLOWSKI, AND HAROLD LUDWIG TO PAY MILLIONS; Two Former Officers of Republic New York Securities Corp. and Former Director of Princeton Global Management, Ltd., Ordered to Pay Over $14 Million in Restitution and Penalties, 4952-04
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CFTC IMPOSES $7 MILLION CIVIL PENALTY ON DENVER-BASED ENERGY FIRM; Western Gas Resources, Inc. Charged With False Reporting and Attempted Manipulation in Violation of the Commodity Exchange Act, 4948-04
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CFTC SUES MINNEAPOLIS-BASED NRG ENERGY, INC., CHARGING NRG WITH FALSELY REPORTING NATURAL GAS TRADES, 4947-04
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FRAUD CHARGES BROUGHT AGAINST FLORIDA FOREIGN CURRENCY FIRMS AND EMPLOYEES; CFTC Alleges that Sterling Trading Group, Inc., Universal FX, Inc., and Employees Joseph Arsenault and Andrew Stern Defrauded Customers and Defendant Graystone Browne Financial, Inc. Charged with Offering Illegal Option Contracts, 4946-04
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FLORIDA BUSINESSES AND EMPLOYEES CHARGED WITH FRAUD; CFTC Alleges that Next Financial Services Unlimited, Inc., New World Trading, LLC, and Employees Aaron Ettinger and Robert LaRocca Fraudulently Solicited Customers to Trade Illegal, Off-Exchange Foreign Currency Option Contracts; Federal Court Enters Order Freezing Defendants' Assets, 4945-04
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SOUTH FLORIDA FOREIGN EXCHANGE TRADING FIRMS CHARGED WITH DEFRAUDING CUSTOMERS, COURT FREEZES DEFENDANTS' ASSETS; Worldwide Forex, Inc., Global Atlantic Management, Inc., and A Principal Allegedly Told Customers that the Possibility of War with Iraq Would Result in Significant Profits, 4944-04
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CFTC CHARGES FLORIDA OPTIONS FIRM FIRST AMERICAN INVESTMENT SERVICES, INC., WITH DEFRAUDING CUSTOMERS OF OVER $12 MILLION; First American President Steve Knowles and Employees Michael Savitsky, Adam Mills, Greg Allotta, and James Eulo Allegedly Lied When Pitching Commodity Options to Customers, 4943-04
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CALIFORNIA RESIDENTS ORDERED TO PAY MORE THAN $800,000 IN COMMODITY FRAUD ACTION; Defendants Paris DeLesseppes and John E. Lassen Ordered to Repay Over $333,000 to Investors and Pay Civil Monetary Penalties Totaling $480,000, 4941-04
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