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December
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CFTC
CHARGES CHICAGO FUTURES FIRM AND ITS PRESIDENT WITH FAILURE TO SUPERVISE;
Robbins Futures, Inc. and Joel Robbins Ignored Signs of Ponzi Scheme, 4731-02,
December 30, 2002
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CFTC
SUES LAS VEGAS MAN FOR FRAUDULENTLY PROMOTING HIS COMMODITY TRADING
METHOD; CFTC Alleges Charles Cox Made False Claims Concerning
Profits Generated by His Commodity Trading Method, 4730-02,
December 24, 2002
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CFTC
SETTLES COMMODITY FRAUD ACTION AGAINST MARYLAND MAN AND FIRM;
District Court Orders Defendants Peter Scott and Rothlin & Windsor
Capital Management, Inc. to Pay $13.9 Million in Restitution and Civil
Monetary Penalties, 4729-02,
December 23, 2002
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DYNEGY
MARKETING AND TRADE AND WEST COAST POWER LLC PAY $5 MILLION TO SETTLE
CFTC CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING;
Energy Companies Settle Claims Under the Commodity Exchange Act That
They Intentionally Reported False Natural Gas Price and Volume Information
to Energy Reporting Firms in an Attempt to Affect Prices of Natural
Gas Contracts, 4728-02,
December 19 2002
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COMMODITY
FUTURES TRADER CHARGED WITH $1.5 MILLION FRAUD; U.S. GOVERNMENT AND
UTAH ATTORNEY GENERAL ALLEGE FRAUD AND THEFT BY DECEPTION;
Federal Court Freezes Assets and Bars the Destruction of Books and
Records, 4726-02,
December 12, 2002
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CFTC
FINDS COMEX FLOOR BROKERS HENRY CHANDLER AND ERNEST PENNY COMMITTED
FRAUD IN EXECUTING GOLD OPTIONS TRADES, AND FIVE OTHER FLOOR BROKERS
ENGAGED IN NONCOMPETITIVE TRADING, AMONG OTHER VIOLATIONS OF THE FEDERAL
COMMODITIES LAWS; CFTC Accepts Offers of Settlement from Henry
Chandler, Robert Ferraioli, Michael Hammer, Ernest Penny, Tacho Sandoval,
William Wosnack, and Stephen Seelenfreund, 4725-02,
December 12, 2002
November
October
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NEW
YORK FLOOR BROKER SETTLES CFTC ACTION CHARGING RECORDKEEPING VIOLATIONS;
CFTC Order Requires Daniel Lipton to Pay A Civil Monetary Penalty
and Restricts His Registration for Two Years, 4719-02,
October 28, 2002
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FLORIDA
COURT FINDS TWO FLORIDA RESIDENTS AND THEIR FIRM COMMITTED COMMODITIES
FRAUD; Defendants Matrix Trading Group, Inc., David Wedeen,
and Christopher Smithers Are Ordered to Pay Restitution to Victims
and Are Permanently Banned from All Commodity-Related Activity in
CFTC Action, 4716-02,
October 24, 2002
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CFTC'S
DIVISION OF ENFORCEMENT CREATES OFFICE OF COOPERATIVE ENFORCEMENT;
Daniel Nathan Heads New Office Whose Mission is to Strengthen Ties
to Other Regulators and Enhance Federal and State Commodities Prosecutions, 4715-02,
October 23, 2002
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CFTC's
Division of Enforcement Names Three New Deputy Directors, 4714-02,
October 22, 2002
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MICHIGAN
COMMODITY TRADER SETTLES CFTC COMPLAINT CHARGING COMMODITY POOL FRAUD;
Consent Order Finds that John F. O'Herron and O'Herron Asset Management,
Inc. Fraudulently Diverted Approximately $1.4 Million of Investor
Funds for Their Own Use, 4713-02,
October 16, 2002
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WASHINGTON
STATE COMMODITY TRADING FIRM CHARGED WITH FRAUD IN THE SOLICITATION
OF FOREIGN CURRENCY (FOREX) FUTURES ACCOUNTS; Defendant Sterling
forex Lost $1.8 Million in Customer Investments, 4711-02,
October 10, 2002
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PRUDENTIAL
SECURITIES, INC. SETTLES CFTC RECORDKEEPING CHARGES; CFTC
Orders Prudential Securities, Inc. to Pay $65,000 Civil Monetary Penalty, 4710-02,
October 9, 2002
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FLORIDA
RESIDENT BARRED FROM COMMODITY TRADING IN GOVERNMENT ACTION;
Defendants in CFTC Case Used Approximately $1 Million of Customer
Funds to Pay Personal Expenses, 4709-02,
October 8, 2002
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CFTC
SETTLES ENFORCEMENT ACTION AGAINST FLOOR BROKER CHARGED WITH UNLAWFULLY
TRADING COFFEE FUTURES; John Joyce Is Suspended For Three
Months and Ordered to Pay $25,000 Penalty, 4708-02,
October 8, 2002
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ST.
LOUIS COMMODITY TRADER AND HIS COMPANY CHARGED WITH TAKING AS MUCH
AS $494,000 FROM INVESTORS; CFTC Also Charges Defendants With
Giving Investors False Account Statements Showing Profitable Trading
When the Defendants Were Losing Money, 4706-02,
October 2, 2002
September
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SISTER
OF A FORMER EMPLOYEE OF A CHICAGO COMMODITY FIRM AGREES TO TURN OVER
MONEY HER BROTHER GAVE HER AS PART OF HIS FRAUDULENT SCHEME;
CFTC Also Obtains Default Judgment Against Other Remaining Relief
Defendants, 4705-02,
September 26, 2002
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TWO
TEXAS MEN SETTLE FEDERAL CHARGES OF FRAUDULENT COMMODITY SCHEME;
CFTC Imposed Penalties and Trading Bans, 4704-02,
September 25, 2002
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FLORIDA
RESIDENT CHARGED WITH SWINDLING AT LEAST $10.6 MILLION FROM INVESTORS
AND SPENDING MONEY ON LAS VEGAS JUNKETS, AIRPLANE CHARTERS, HOMES,
AND AUTOMOBILES, CFTC Charges Donald C. O'Neill and His Companies
with Fraudulent Solicitation and Misappropriation in Connection With
Purported Foreign Currency Hedge Funds, 4703-02,
September 19, 2002
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CFTC'S
DIVISION OF ENFORCEMENT NAMES NEW REGIONAL COUNSEL FOR CHICAGO AND
NEW YORK OFFICES; Rosemary Hollinger New Regional Counsel
for Chicago and Stephen Obie Takes Over as Regional Counsel for New
York, 4701-02,
September 18, 2002
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ATLANTA
INVESTMENT FIRM AND ITS CHIEF EXECUTIVE OFFICER CHARGED WITH SOLICITING
OVER $400,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY
(FOREX) FUTURES CONTRACTS; Government Obtains Federal Court
Order Preventing Defendants from Offering Illegal FOREX Contracts
and Freezing Assets of Defendants Advent Capital Partners, Ltd. and
Samuel Daley 4697-02,
September 13, 2002
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FORMER
EMPLOYEE OF AVISTA ENERGY, INC. SETTLES MANIPULATION CHARGES;
CFTC Orders Robert Kristufek To Pay $155,000 Civil Monetary Penalty
and Imposes Two-Year Trading Ban 4696-02,
September 12, 2002
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ILLINOIS
MAN AND HIS FIRM CHARGED WITH SWINDLING OVER $1.4 MILLION IN COMMODITY
FRAUD; CFTC Charges John Martin Lofgren and Melrose Asset
Management With Fraud 4695-02, September 4, 2002
August
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FLORIDA RESIDENTS AND THEIR COMPANIES CHARGED WITH MISAPPROPRIATING CUSTOMER
FUNDS IN FOREIGN CURRENCY (FOREX) FUTURES SCAM: CFTC Charges First Bristol
Group, Inc., Alliance Equity Group, Inc., Centurion Financial Group, LC,
and Great Minster Group, Inc., Staci Lee Petok, Bernard Justin Sevilla,
Jack Martin Pomeroy, and Michael Desmond Biggs With Fraud 4691-02, August 29, 2002
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UTAH COMPANY AND FOUR UTAH RESIDENTS CHARGED WITH COMMODITY POOL FRAUD;
CFTC Alleges Gahma Corporation, John Garrett, Allen Andersen and Robert
Heninger Fraudulently Solicited at Least $700,000 from Individuals to
Trade Commodity Futures Contracts; CFTC Also Charges Stephen Brockbank,
an Advisor to the Pool, with Fraud; This is the Second Fraud Action Filed
by the CFTC Against Brockbank 4690-02, August 15, 2002
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Minnesota Federal Court Preliminarily Enjoins Foreign Currency Fraud:
Defendants Sovereign Resource Management, Inc., Ken Mitra, Virgil Smith
and Anthony Heppner Ordered to Account for Investor Funds 4689-02, August 8, 2002
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FEDERAL COURT APPOINTS RECEIVER TO TAKE CONTROL OF ASSETS OF MICHIGAN
ATTORNEY IN COMMODITIES FRAUD CASE; The CFTC Charged Defendant Charles
Mady with Issuing False False Account Statements to Hide Mounting Commodity
Trading Losses and Misappropriating Investor Funds 4686-02, August 5, 2002
July
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CFTC Issues Order Suspending and Restricting Floor Broker's Registration
Based on Exchange Disciplinary Proceedings, 4680-02, July 29, 2002
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FLORIDA FEDERAL COURT ENJOINS RECIDIVIST IN ACTION ALLEGING HE MISAPPROPRIATED
AT LEAST $1 MILLION IN CUSTOMER FUNDS AND VIOLATED A PRIOR FEDERAL COURT
ORDER; Consent Order issued by United States District Court in Florida
Enjoins Defendants Thomas D. Chilcott and Leona Westbrook from, among
other things, Committing Fraud and also Permanently Bars Defendants from
Commodity Trading, 4679-02, July 25, 2002
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GRENADIAN COMPANY, A CANADIAN CITIZEN, AND TWO MINNESOTA RESIDENTS CHARGED
WITH COMMODITY POOL FRAUD; CFTC Alleges that Sovereign Resource Management,
Inc., Ken Mitra, Virgil E. Smith, and Anthony J. Heppner Fraudulently
Solicited Individuals to Trade Foreign Currency Futures Contracts and
Misappropriated Over $600,000 of Investors' Funds, 4677-02, July 24, 2002
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CFTC SUSPENDS TWO FLOOR BROKERS FOR UNLAWFULLY TRADING COFFEE FUTURES
CONTRACTS; In Settlement, Joseph Defrancesco Found to Have Engaged in
Fraud, Bucketing of Customer Orders, and Reporting Non-Bona Fide Prices,
and Marc Greenstein Found to Have Engaged in Noncompetitive Trading, Wash
Sales, and Accommodation Trades, 4676-02, July 23, 2002
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NEW YORK FOREIGN CURRENCY FIRMS CHARGED WITH FRAUDULENTLY SOLICITING
OVER $15 MILLION FROM AS MANY AS 400 CUSTOMERS NATIONWIDE TO INVEST IN
ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Obtains Federal
Court Order Freezing Assets of Defendants International Financial Services
(New York), Inc., International Financial Services (New York), LLC, John
Walker Robinson, and Chan Kow Lai, 4675-02, July 22, 2002
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FLORIDA DEFENDANTS SETTLE CFTC COMPLAINT ALLEGING FOREIGN CURRENCY (FOREX)
OPTIONS FRAUD; International Currency Strategies, Inc., Strategic Trading
Group, Inc., Fairfield Currency Group, Inc., and Their Officers - Daniel
Phillips and Valentin Fernandez - Are Permanently Barred From Trading
Commodity Futures and Options 4673-02, July 17, 2002
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COFFEE COMMODITY TRADERS BRUCE MILLER AND DEIRDRE ANDERSON CHARGED WITH
FRAUDULENT TRADE ALLOCATION SCHEME; George Lamborn and Richard Lani Sr.
Alleged To Have Failed to Diligently Supervise Miller and Anderson's Trading;
CSCE Floor Brokers, Daniel Lipton and Kenneth Lawson, Charged With Failing
to Obtain Required Customer Account Identification, 4671-02, July 15, 2002
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FLORIDA WOMAN AND COMPANY SETTLE CFTC CHARGES ALLEGING THEY FRAUDULENTLY
MARKETED COMMODITY TRADING SYSTEMS; CFTC Imposed Trading Bans and Penalties
on Bernadette Flavell and Systems of Success - Window to Profit (SOS), 4668-02, July 11, 2002
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SIX COFFEE, SUGAR & COCOA EXCHANGE FLOOR BROKERS CHARGED BY CFTC
WITH UNLAWFULLY TRADING COFFEE FUTURES, 4667-02, July 9, 2002
June
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CALIFORNIA COMMODITY TRADER CHARGED WITH UNAUTHORIZED TRADING, UNLAWFULLY
OPERATING A COMMODITY POOL AND ILLEGALLY MANAGING TRADING ACCOUNTS; CFTC
Files Complaint Against Donald Steven Smith and His Company, Fibit.com,
in Federal District Court, 4660-02, June 24, 2002
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FLORIDA MAN SETTLES CHARGES ALLEGING HE FRAUDULENTLY MARKETED COMMODITY
TRADING SYSTEMS; CFTC Bars Kevin Kates From Trading, 4657-02, June 17, 2002
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MICHIGAN ATTORNEY CHARGED WITH $6 MILLION COMMODITIES FRAUD; Federal
Government Alleges that Charles Mady Issued False Account Statements to
Hide Mounting Commodity Trading Losses and Misappropriated Over $1 Million, 4655-02, June 12, 2002
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MARYLAND MAN AND FIRM SETTLE CHARGES OF FRAUD WITH CFTC; Consent Order
issued by District Court Enjoins Defendants Peter Scott and Rothlin & Windsor
Capital Management, Inc. from Committing Fraud and also Permanently Bars
Defendants from trading in futures and options, 4654-02, June 12, 2002
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INTERNET TRADING SYSTEM PROMOTER SETTLES CHARGES ALLEGING HE MADE MISREPRESENTATIONS
ON WEBSITE; Michael Radcliffe Made False Claims Concerning Profits He
Generated By Using His Commodity Trading System, 4653-02, June 10, 2002
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FLORIDA, LOUISIANA AND GEORGIA FIRMS CHARGED WITH FRAUDULENTLY SOLICITING
OVER $1,000,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX)
OPTION CONTRACTS; Government Obtains Federal Court Order Freezing Assets
of 19 Individuals and Companies; Related Action Also Filed by Louisiana
Attorney General, 4652-02, June 10, 2002
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Commodity Futures Trading Commission Files Federal Action Against Florida
Man For Providing False Information Related to His $6.8 Million Settlement
With the Commission, 4651-02, June 5, 2002
May
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CFTC, SEC, and Jersey Financial Services Commission Sign MOU Information
Sharing Arrangement, 4648-02, May 30, 2002
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CFTC Establishes Enron Information Link to Assist the Public in Reporting
Suspicious Activities that May Have Affected West Coast Electricity or
Natural Gas Prices Involving Enron or Any Other Company, 4646-02, May 22, 2002
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CFTC Settles Wash Sales Charges Against Texas Broker Ronald Roesler and
Illinois Broker David Janson Arising Out of USDA Dairy Options Pilot Program, 4645-02, May 22, 2002
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CFTC, SEC and Japanese Financial Services Agency Sign Information Sharing
Arrangement, 4642-02, May 17, 2002
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FLORIDA FEDERAL COURT REQUIRES DEFENDANTS MICHAEL A. DIPPOLITO; MAD,
INC.; AND CTU, INC. TO PAY RESTITUTION TO DEFRAUDED CUSTOMERS IN CFTC
ENFORCEMENT ACTION. Court's Order Also Bars Defendants From Further Fraudulent
Conduct and From Trading Commodity Futures or Options, 4641-02, May 15, 2002.
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TEXAS COMMODITY TRADER CHARGED WITH DEFRAUDING CUSTOMERS AND MISAPPROPRIATING
CUSTOMER FUNDS. CFTC Charges Dewey V. Wiles and His Company, Futures Exchange
Company, Inc., with Fraudulently Soliciting Funds to Trade Commodity Futures, 4639-02, May 8, 2002.
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CFTC CHARGES UTAH INVESTMENT FIRM WITH RUNNING A $14.7 MILLION FOREIGN
CURRENCY (FOREX) PONZI SCAM; Federal Court Immediately Freezes Assets
of 4NExchange, LLC, Paul Grant and Ronald Bassett In Related Action, 4636-02, May 2, 2002.
April
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U.S. GOVERNMENT AGENCY SETTLES FRAUD CASE AGAINST GEORGIA COMMODITY TRADING
ADVISOR WHO WAS A REPEAT OFFENDER; Defendant Ellery Coleman Ordered to
Pay a Penalty of up to $170,000, 4634-02, April 29, 2002.
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TEXAS COMMODITY BROKER COMMITTED SOLICITATION FRAUD; In CFTC Action,
D. Michael Sheaves Fined $50,000 and Ordered to Pay Restitution for Fraudulently
Failing to Advise Prospective Clients of Significant Trading Losses, 4633-02, April 23, 2002.
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CFTC SETTLES COMMODITY FRAUD SOLICITATION CASE AGAINST CALIFORNIA TRADING
SYSTEM DEVELOPER; Defendant Abdullah Alsafari Barred from Further Fraudulent
Conduct in Violation of Federal Commodities Laws, 4629-02, April 9, 2002.
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FLORIDA COMMODITY TRADING SYSTEM DEVELOPER AND NEW YORK PUBLISHER SETTLE
CFTC FRAUD ACTION; CFTC Finds that George Angell, TradeWins Publishing
and its President, Stephen Schmidt, Fraudulently Marketed Commodity Trading
System, 4628-02, April 4, 2002.
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THREE FORMER EMPLOYEES OF CHICAGO COMMODITY FIRM SETTLE GOVERNMENT ACTION
FOR FRAUDULENT TRADING; Defendants Martin Brown, Geoffrey S. Thompson,
and Ydiyell Howard Prohibited From Trading in the Commodity Markets, 4626-02, April 2, 2002.
March
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Commodity Futures Trading Commission's Division of Trading and Markets
Issues Advisory Concerning Foreign Currency Trading by Retail Customers, 4625-02, March 21, 2002
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CFTC SETTLES FRAUD ACTION AGAINST WEST VIRGINIA COMMODITY POOL OPERATOR;
Defendants Robert L. Dormagen and Delta Financial Corporation Permanently
Barred From Trading Futures or Options, 4624-02, March 21, 2002.
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CFTC SETTLES CHARGES AGAINST MINNESOTA DEFENDANTS IN COMMODITY POOL FRAUD
CASE; Leonard Nauman and His Two Companies, Pension America, Inc., and
Futures Profit Making, LLC, Are Permanently Barred From Trading For Others, 4623-02, March 21, 2002.
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LOS ANGELES COMMODITY TRADER SETTLES CFTC FRAUD ACTION; Alfred Gladstone
Ordered to Pay Up To $171,000 in Restitution and Civil Monetary Penalty
Pursuant to Payment Plan and Agrees Never to Seek CFTC Registration, 4622-02, March 20, 2002.
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CFTC FILES ENFORCEMENT ACTION AGAINST FOUR CSCE FLOOR BROKERS, CHARGING
THEM WITH UNLAWFULLY TRADING COFFEE FUTURES; Joseph Defrancesco, Ronald
Kilbride, and Brian Thornton Charged with Fraud, Bucketing of Customer
Orders, and Reporting Non-Bona Fide Prices; Defrancesco, Kilbride, Thornton,
and Marc Greenstein Also Face Charges of Noncompetitive Trading, Illegal
Wash Sales, and Accommodation Trades, 4621-02, March 20, 2002.
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CFTC Obtains Dismissal of Martin Armstrong's Appeal for Release from
Confinement, 4620-02, March 19, 2002
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CALIFORNIA COMMODITY TRADER CHARGED WITH MISAPPROPRIATING MORE THAN $500,000
IN CUSTOMER FUNDS AND VIOLATING PRIOR COMMISSION ORDER; CFTC Charges Mark
Ross Weinberg With Fraudulently Soliciting Funds to Trade Commodity Futures;
Federal Court Freezes Assets and Bars Destruction of Books and Records, 4619-02, March 18, 2002
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FLORIDA COMMODITY TRADER CHARGED WITH MISAPPROPRIATING AT LEAST $1 MILLION
IN CUSTOMER FUNDS AND VIOLATING PRIOR FEDERAL COURT ORDER; CFTC Charges
Thomas Chilcott, Ted Whidden, and Leona Westbrook With Fraudulently Operating
Commodities Trading Business Known As Trade Master of Southwest Florida;
Federal Court Freezes Assets and Bars Destruction of Books and Records, 4615-02, March 11, 2002
February
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CFTC CRACKS DOWN ON FOREIGN CURRENCY SCAMS NATIONWIDE; Nineteen Firms
and Individuals Charged in Sweep With Selling Illegal Foreign Currency
(Forex) Investments to the Retail Public; Actions Cap First Year of FOREX
Initiative Using Reinforced Statutory Authority, 4611-02, February 27, 2002
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CFTC Warns the Public About Investment Opportunities Promising Large
Profits and Little Risk, Even When Offered by Friends and Acquaintances, 4610-02, February 26, 2002.
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FORMER CHIEF OPERATING OFFICER OF A COMMODITY FIRM SETTLES CFTC ACTION
CHARGING SUPERVISORY FAILURES; CFTC Finds That Mark Vaughn Failed To Supervise
Diligently The Handling Of Foreign Customer Accounts, 4609-02, February 25, 2002
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FLORIDA COMMODITY TRADING ADVISORS SETTLE CFTC FRAUD ACTION; Defendants
Fred and Jeanne Monte Permanently Banned From Trading Futures or Options, 4607-02, February 12, 2002
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COMMODITY TRADER AND TWO MICHIGAN COMPANIES CHARGED WITH $2.9 MILLION
FRAUD; GOVERNMENT ALLEGES FICTITIOUS TRADING; Federal Court Freezes Assets
and Bars the Destruction of Books and Records, 4606-02, February 11, 2002
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NEW YORK COMMODITY BROKER CHARGED WITH ILLEGAL TRADING AND VIOLATION
OF A COMMISSION ORDER; CFTC Alleges Branch Manager Patrick Ligammari Engaged
in Non-Competitive Trading To Facilitate the Transfer of Over $300,000
Between Two Foreign Accounts, 4605-02, February 11, 2002
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CFTC SETTLES CASE AGAINST CHICAGO FIRM AND ITS MANAGING DIRECTOR; CFTC
finds that Excellent USA and John Gallwas Failed to Supervise the Handling
of Foreign Omnibus Accounts; CFTC Revokes Registration of Excellent USA
as a Result of the Criminal Conviction of One of its Principals, 4602-02, February 4, 2002
January
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INTERNET TRADING SYSTEM PROMOTER CHARGED WITH COMMODITY FRAUD; CFTC Alleges
Michael Radcliffe Made False Claims Concerning Profits Generated By His
Commodity Trading System, 4597-02, January 15, 2002.
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2003
Securities Fraud Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes,
Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning,
Private Placements, Venture and Bridge Funding, IPOs, Viaticals
Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery
Schemes, etc.
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