Displaying results 81 - 90 of 524
Federal Court Freezes Assets of EJS Capital Management, LLC, Alex Vladimir Ekdeshman and Edward J. Servider and Relief Defendants in CFTC Action Charging Misappropriation of Nearly $2 Million in Ongoing Forex Fraud Scheme
… May 2, 2014 Federal Court Freezes Assets of EJS Capital Management, LLC, Alex Vladimir Ekdeshman and Edward … on July 8, 2013, arising out of a prior CFTC action against Ekdeshman where he was charged with solicitation … (see CFTC Press Release 6690-13 ). The prior court Order against Ekdeshman permanently prohibited Ekdeshman from …
Federal Court in Florida Orders Capital Blu Management, LLC, Donovan Davis Jr., Damien Bromfield, Blayne Davis and DD International Holdings, LLC to Pay More than $17 Million for Committing Fraud
… June 15, 2011 Federal Court in Florida Orders Capital Blu Management, LLC, Donovan Davis Jr., Damien … The order follows a verdict returned on February 3, 2011 against Donovan Davis Jr. and Bromfield by a jury in Orlando, … the CFTC’s complaint, the court entered default judgments against them. According to the evidence presented at trial, …
Federal Court in Florida Orders Anthony J. Klatch II, Lindsey Heim, and their Company Assurance Capital Management, LLC to Pay More than $2.4 Million in Restitution and Civil Monetary Penalties for Commodity Pool Fraud and Misappropriation
… J. Klatch II, Lindsey Heim, and their Company Assurance Capital Management, LLC to Pay More than $2.4 Million in … of Florida entered an Order of Final Judgment by Default against Defendants Anthony J. Klatch II , Lindsey Heim , and … Order also imposes permanent trading and registration bans against Lindsey Heim and ACM. Klatch is already subject to a …
CFTC Charges Colorado Company R2 Capital Group, LLC, and its owners, Ryan Tomazin, Ryan Madigan, Randell A.Vest, RAST Investor Group, LLC, Madigan Enterprises, Inc., and Bulletproof Vest, Inc. with Fraud and Misappropriation
… August 21, 2014 CFTC Charges Colorado Company R2 Capital Group, LLC, and its owners, Ryan Tomazin, Ryan … restitution, rescission, disgorgement of ill-gotten gains, trading and registration bans, and permanent injunctions against further violations of the federal commodities laws, …
CFTC Charges New Jersey Resident Michael S. Wright and New York Firm Wright Time Capital Group LLC (d/b/a Global FX Club) with Solicitation Fraud and Misappropriation in connection with a Pooled Investment in Foreign Currency Derivatives Trading
… Resident Michael S. Wright and New York Firm Wright Time Capital Group LLC (d/b/a Global FX Club) with Solicitation … U.S. District Court for the Southern District of New York against Defendants Michael S. Wright , of Jersey City, New … that created the appearance of positive pool trading gains during periods of time when Defendants did not …
Federal Court Orders Dante S. Giovannetti and His Companies Emini Experts, LLC and Capital Trading Concepts LLC to Pay over $2.7 Million in Restitution and Monetary Penalties for Commodity Pool Fraud and Other Violations of the Commodity Exchange Act
… S. Giovannetti and His Companies Emini Experts, LLC and Capital Trading Concepts LLC to Pay over $2.7 Million in … (Orlando Division) entered a Default Final Judgment Order against Defendants Dante S. Giovannetti and his companies … penalty. The Order also separately imposes jointly against Emini and Giovannetti an additional $140,000 civil …
Federal Court Orders IB Capital FX, LLC, Michel Geurkink, and Emad Echadi to Pay More than $35 Million in Restitution and a Civil Penalty for Soliciting at Least $50 Million from Members of the Public to Trade Forex, without Being Registered with the CFTC
… November 16, 2016 Federal Court Orders IB Capital FX, LLC, Michel Geurkink, and Emad Echadi to Pay … Futures Trading Commission (CFTC) obtained a Consent Order against Defendants IB Capital FX, LLC (a/k/a IB Capital FX … 1,850 customers, leaving the Defendants with a gain of $35 million, which was the gain received in …
New Jersey Court Order Imposes More Than $30 Million in Sanctions against Coyt E. Murray, Tech Traders, Inc., Tech Traders, Ltd., Magnum Investments, Ltd., and Magnum Capital Investments, Ltd. in Anti-Fraud Action Brought by the CFTC
… Court Order Imposes More Than $30 Million in Sanctions against Coyt E. Murray, Tech Traders, Inc., Tech Traders, Ltd., Magnum Investments, Ltd., and Magnum Capital Investments, Ltd. in Anti-Fraud Action Brought by … New Jersey entered a consent order of permanent injunction against defendants Coyt E. Murray , of Tega Cay, South …
Speech of Commissioner Sharon Y. Bowen before the CFTC Annual Symposium for International Market Authorities
… rules that I care a great deal about: position limits, capital, and governance. In addition to these three … Requiring a firm to hold a few million dollars in capital against a multi-billion dollar trading book isn’t a … the prioritization within corporate culture of short term gains at the expense of long term prosperity, which has been …
CFTC Charges Susan G. Davis, David E. Howard II, Joseph Burgos, and their Companies with Fraud in Off-Exchange Foreign Currency Scheme
… II of Woodstock, Ga., and their New York companies, Forex Capital Trading Group, Inc. (Forex Group) and Forex Capital … $736,241 through October 2010, yet the defendants reported gains of 51.94 percent for 2010. The defendants also … rescission of contracts, disgorgement of ill-gotten gains, civil monetary penalties, trading and registration …