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Enforcement Actions Archive
Date
Enforcement Actions
12/28/2007
CFTC Forex Boiler Room Fraud Action Nets $3.4 Million in Sanctions Against “Richmond Global” and Vincent Danio; Defrauded Customers Lost More Than $1.7 Million Trading Forex
Order: Richmond Global Associates, LLC, et al.
New York Court Enters Order Imposing More than $2,000,000 in Monetary and Other Sanctions against Joseph Pappalardo, Ronald Turner, and Miron Vinokur in a Foreign Currency Scam
12/26/2007
MF Global Inc. and Thomas Gilmartin to Pay More Than $77 Million to Settle Actions by CFTC and Receiver ad litem
Order: MF Global Inc. and Thomas Gilmartin
12/19/2007
CFTC Sues Futures Commission Merchant Forex Liquidity LLC Alleging Undercapitalization in Excess of $11.6 Million
Order: Forex Liquidity LLC
Complaint: Forex Liquidity LLC
12/18/2007
Nebraska Federal Court Orders Lawrence J. Volf, Commercial Hedge Services, Inc., Prime Trading Company, Inc., Sherman County Management, Inc., Sherman County Bank, and PT Holdings, Inc. to Pay $325,000 in Restitution to Farmers
Order: Commercial Hedge Services, Inc., et al.
12/18/2007
CFTC Sues One World Capital Group, LLC and its President John Edward Walsh for Inability to Demonstrate it had Required Capital
Complaint: One World Capital Group, LLC and John Edward Walsh
Order: One World Capital Group, LLC and John Edward Walsh
12/12/2007
Tennessee Court Finds Fraud and Imposes More Than $9.9 Million in Sanctions against Tennessee Forex Firm FxTrade Financial and its Principals and Salespersons in CFTC Action
Order: FxTrade Default Judgment Against Lee N. Romano II
Order: FxTrade Default Judgment
Memorandum Opinion: FxTrade Financial, LLC, et al.
Order: FxTrade Financial, LLC, et al.
12/06/2007
Michigan Federal Court Orders Florida Corporations Millenium Trading Group LLC and Worldwide Clearing LLC, and Florida Resident Cedric Stanton, to Pay More Than $10 Million in Sanctions
Order: Millenium Trading Group, Inc., et al.
U.S. Commodity Futures Trading Commission Files Fraud Action against Florida Foreign Currency Firm, Its Owner, and Futures Commission Merchant
12/06/2007
CFTC Revokes the Introducing Broker Registrations of Next Financial Services Unlimited, Inc. and New World Trading, LLC
Initial Decision: Next Financial Services Unlimited, Inc., et al.
Order: Next Financial Services Unlimited, Inc., et al.
CFTC Seeks to Revoke the Registration of Next Financial Services Unlimited, Inc. and New World Trading, LLC.
Florida Federal Court Judgment Concludes Multi-Million Dollar Foreign Currency (Forex) Anti-Fraud Action Brought by the U.S. Commodity Futures Trading Commission
11/29/2007
California Federal Court Orders Resident Brett E. Lovett to Pay More Than $635,000 in Sanctions in Fraud Action Brought by the CFTC
Order: Brett E. Lovett
11/15/2007
CFTC Charges Elizabeth Baldwin, Of Newport, Rhode Island, With Fraudulently Soliciting & Obtaining More Than $500,000 To Trade Commodity Futures
Statutory Restraining Order: Elizabeth Baldwin
Complaint: Elizabeth Baldwin
11/14/2007
CFTC Obtains Permanent Injunction in Fraud Action Against New York Hedge Fund Operator Cornerstone Capital Management, LLC and its Principal, Atlanta Resident Joseph T. Profit II
Order: Cornerstone Capital Management, LLC and Joseph T. Profit II
U.S. Commodity Futures Trading Commission Files Anti-Fraud Action Against New York Hedge Fund Cornerstone Capital Management, LLC and its Operator, Atlanta Resident Joseph T. Profit II
11/09/2007
Five Current and Former Coral Energy Traders Settle CFTC Charges for False Reporting and Attempted Manipulation in Natural Gas Market; Defendants Ordered to Pay $1 Million Penalty
Order: Denette Johnson, Courtney Cubbison Moore, Robert Harp, John Tracy, and Kelly Dyer
11/08/2007
CFTC Settles Natural Gas False Reporting and Attempted Manipulation Lawsuit with Energy Trader; Defendant Paul Atha, a Former Trader at Mirant Americas Energy Marketing, L.P. (Mirant), Ordered to Pay a $200,000 Penalty
CFTC Settles Natural Gas False Reporting and Attempted Manipulation Lawsuit with Two Energy Traders
Order: Paul Atha
11/07/2007
Florida Federal Court Imposes Sanctions of More Than $20 Million Against a South Florida Firm Cromwell Financial Services, Inc., and Five Area Residents in a Commodity Options Fraud and Failure to Supervise Case
Order: Cromwell Financial Services, Inc., Philip Tuccelli, Richard Astern, Dennis Gee, Richard Peluchette, and Michael Staryk III
10/31/2007
U.S. Commodity Futures Trading Commission Files Action Against Atlanta Company Saxon Financial Services, Inc.
Order: Saxon Financial Services, Inc.
Complaint: Saxon Financial Services, Inc.
10/25/2007
Former BP Trader Paul Kelly Agrees to Pay $400,000 Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges of Attempted Manipulation of the NYMEX Unleaded Gasoline Futures Contract
Order: Paul K. Kelly
10/25/2007
BP Agrees to Pay a Total of $303 Million in Sanctions to Settle Charges of Manipulation and Attempted Manipulation in the Propane Market
CFTC Charges BP Products North America, Inc. with Cornering the Propane Market and Manipulating the Price of Propane
U.S. DOJ, FBI, and CFTC Fact Sheet: Commodities Fraud and Manipulation
U.S. Department of Justice Press Release, October 25, 2007
Order Approving Consent Order for Permanent Injunction and Other Relief: BP Products North America Inc.
Consent Order for Permanent Injunction and Other Relief: BP Products North America Inc.
10/17/2007
South Florida Court Orders Jeffrey Paul Jedlicki, Jeffrey Jedlicki, Inc., Roxana Sofia Lao Mendez, and Beatriz Peralta Quesada to Pay More Than $1.39 Million in Restitution, Disgorgement, and Civil Monetary Penalties for Foreign Currency Options Scam
South Florida Court Orders Three Barcelona-Based Companies to Pay Over $19 Million in Disgorgement and Civil Penalties for Foreign Currency (Forex) Options Scam
Consent Order of Permanent Injunction: Roxana Sofia Lao Mendez and Beatriz Peralta Quesada
Consent Order of Permanent Injunction: Jeffrey Paul Jedlicki and Jeffrey Jedlicki, Inc.
10/11/2007
U.S. Commodity Futures Trading Commission Settles Foreign Currency (Forex) Fraud Action against Defendant Hao Jan Lu; Total Orders by the Court Exceed $13 Million
Consent Order of Permanent Injunction: Hao Jan Lu
U.S. District Court Appoints Fund Administrator to Disburse Restitution in the CFTC’s Forex Anti-Fraud Action Against Emerald Worldwide Holdings, Inc.
10/04/2007
New York Federal Court Orders Brokerage Firm, Clearing Firm, and Principals in CFTC Anti-Fraud Action to Pay More Than $2 Million in Restitution and Civil Penalties
10/02/2007
U.S. Commodity Futures Trading Commission Continues its Aggressive Enforcement Program and Achieved Record Judgments during Fiscal Year 2007
CFTC Energy Markets Enforcement Actions List
10/01/2007
U.S. Commodity Futures Trading Commission Sanctions Russell Investments Ireland Limited and Russell Investments Cayman Ltd. for Failure to File Annual Reports on Time for the Commodity Pools they Operate
Amended Order: Russell Investments
09/28/2007
French Company Banque CIAL Agrees to Pay Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges that it Engaged in Wash Sales in the Treasury Futures Markets
Order: CIC Banque
09/27/2007
Florida Federal Court Sanctions CEO and Former Employees of Miami Commodity Firm for Defrauding Investors Through False Solicitations of Energy Futures and Options
Order: Michael Mesa
Order: Brickell Key Financial, LLC
Order: Malini Nersian
Order: Eduardo Barale
09/26/2007
U.S. Commodity Futures Trading Commission Files Action Against Gregg R. Amerman of Alpharetta, Georgia, and Three Companies that He Controlled; Complaint Alleges Misappropriation of More Than $675,000 in Customer Funds
Complaint: Gregg R. Amerman
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
09/26/2007
California Federal District Court Imposes Restitution of $13.8 Million and Penalties of $1.5 Million Against Robert Joseph Beasley and Longboat Global Funds Management, LLC in Hedge Fund Fraud Action Brought by the Commodity Futures Trading Commission
09/25/2007
Florida Federal Court Issues Order Freezing Assets of Miami Beach Resident Joerg Heierle and Swiss Corporation INH-Interholding SA
Asset Freeze Order: Joerg Heierle and INH-Interholding SA
Complaint: Joerg Heierle and INH-Interholding SA
09/20/2007
U.S. Commodity Futures Trading Commission Charges Slovak Republic Citizen, Maros Miklas, with Electronic Trading Fraud
Complaint: Maros Miklas
09/20/2007
U.S. Commodity Futures Trading Commission Files Action in Florida Federal Court Against Tampa Resident Edward J. Evors Alleging Misappropriation of Customer Funds
Statutory Restraining Order: Edward J. Evors
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
09/18/2007
Minnesota Federal Court Orders the Release of Frozen Assets for the Payment of Restitution to Defrauded Customers in Action Brought by the Commodity Futures Trading Commission
09/13/2007
Illinois Federal Court Freezes Assets of Lake Shore Asset Management Limited; Court Finds that the Lake Shore Common Enterprise Committed Fraud
Seventh Circuit Order: Lake Shore Asset Management
First Amended Complaint: Lake Shore Asset Management
Memorandum and Order: Lake Shore Asset Management
Federal Court Extends CFTC Asset Freeze over Hedge Fund Lake Shore Asset Management Limited
Lake Shore Asset Management Limited, a Registered Commodity Pool Operator and Commodity Trading Advisor, Charged with Refusing to Make Its Books and Records Available to CFTC for Inspection
09/05/2007
U.S. Commodity Futures Trading Commission Files Action Against Futures Commission Merchant Nations Investments, LLC, for Failure to Maintain the Minimum Amount of Net Capital Required by Federal Law
Statutory Restraining Order: Nations Investments LLC and Sulaiman "Sal" Husain and Sammy Joe Goldman
Complaint: Nations Investments LLC and Sulaiman "Sal" Husain and Sammy Joe Goldman
09/05/2007
Florida Federal Court Sanctions Several South Florida Foreign Currency Options Boiler-Rooms, Brokerage Firms, and Ten Florida Individuals for Defrauding Customers
Consent Order of Permanent Injunction: World Market Advisors Inc., et al.
Order of Default Judgment for Permanent Injunction: World Market Advisors Inc., et al.
Consent Order of Permanent Injunction: John Peter D'Onofrio, Christopher Peck, Gary Baugh, and Lea Lauren
Consent Order of Permanent Injunction: Madison Forex International LLC, Chadwick Grayson Bauer & Co. Inc., Qualified Leverage Providers Inc.
08/30/2007
District of Columbia Federal Court Orders McGraw-Hill to Comply with Commodity Futures Trading Commission Subpoena and to Produce Documents of Commodity Index Provider Platts in Energy Investigation
Memorandum Opinion: McGraw-Hill, Inc.
Order: McGraw-Hill, Inc.
08/09/2007
New York Federal Court Enters Orders Granting Judgments in Four Cases against Nine Entities for International Commodity Futures and Options Scam; Defendants Ordered to Pay More than $15.5 Million in Restitution and Civil Penalties
U.S. Commodity Futures Trading Commission Files Four Cases and Charges Nine Entities for Fraudulently Soliciting Investors Worldwide
Order: International Energy Exchange and Vitol Capital Management
Order: New York Petroleum Exchange and HPR Commodities
Order: American Futures and Options Exchange, Metro Financials and American Futures & Options Trading Commission
Order: New York Options Exchange and Tahoe Futures
08/02/2007
U.S. Commodity Futures Trading Commission Charges Washington State Man and His Companies with Defrauding Customers in Retail Foreign Currency Options Scheme
Complaint: Joseph Clark Lavin, Global Asset Partners, Ltd, Global Currency Trading Group, LLC, and Global Currency Trading Fund, LLC
08/01/2007
Marathon Petroleum Company LLC Agrees to Pay $1,000,000 Civil Penalty to Settle U.S. Commodity Futures Trading Commission Charges of Attempted Manipulation in Crude Oil Markets
Order: Marathon Petroleum Company
07/31/2007
U.S. Commodity Futures Trading Commission Seeks to Revoke the Registration of New York Foreign Currency Trader Udo Rotmistrenko
Order: Udo Rotmistrenko
Notice: Udo Rotmistrenko
07/31/2007
U.S. Commodity Futures Trading Commission Sanctions Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLC for Repeated Failure to File Annual Reports on Time for Many of the Commodity Pools they Operate
Order: Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLC
07/30/2007
U.S. Commodity Futures Trading Commission Seeks to Revoke the Registration of Fort Lauderdale-based Commodity Investment Group, Inc.
Notice: Commodity Investment Group
07/27/2007
U.S. District Court Appoints Fund Administrator to Disburse Restitution in the CFTC’s Forex Anti-Fraud Action Against Emerald Worldwide Holdings, Inc.
CFTC Settles Foreign Currency (Forex) Fraud Action against Emerald Worldwide Holdings, Inc. and Jian Zhuang
Order: Emerald Worldwide Holdings, Inc.
07/26/2007
U.S. Commodity Futures Trading Commission Alleges that Energy Transfer Partners, L.P. and Three of Its Subsidiaries Used the IntercontinentalExchange in Attempted Manipulation of Natural Gas Market
Complaint: Energy Transfer Partners LP, Energy Transfer Company, ETC Marketing Ltd, Houston Pipeline Company
07/25/2007
U.S. Commodity Futures Trading Commission Charges Hedge Fund Amaranth and its Former Head Energy Trader, Brian Hunter, with Attempted Manipulation of the Price of Natural Gas Futures
CFTC Files Brief in the United States District Court for the Southern District of New York against Amaranth Advisors, L.L.C.
Complaint Excerpts: Amaranth Advisors, LLC, Amaranth Advisors (Calgary) ULC, and Brian Hunter
Complaint: Amaranth Advisors, LLC, Amaranth Advisors (Calgary) ULC, and Brian Hunter
07/24/2007
CFTC Seeks to Revoke the Registration of Next Financial Services Unlimited, Inc. and New World Trading, LLC.
Notice: Next Financial Services Unlimited, Inc. and New World Trading, LLC
Florida Federal Court Judgment Concludes Multi-Million Dollar Foreign Currency (Forex) Anti-Fraud Action Brought by the U.S. Commodity Futures Trading Commission
07/23/2007
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
Permanent Injunction: Tech Traders, Magnum, Coyt E. Murray
Permanent Injunction: J. Vernon Abernethy
07/19/2007
U.S. Commodity Futures Trading Commission Congratulates the President's Corporate Fraud Task Force on its Fifth Anniversary
CFTC Energy Markets Enforcement Actions List
CFTC Hedge Fund, Commodity Pool, and Commodity Pool Operator Enforcement Actions List, June 2002 - May 2007
07/18/2007
Interactive Brokers LLC Sanctioned for Failing to Supervise Its Compliance Staff
Order: Interactive Brokers LLC
07/17/2007
Federal Court Extends CFTC Asset Freeze over Hedge Fund Lake Shore Asset Management Limited
Order: Lake Shore Asset Management Limited
CFTC Files Contempt of Court Motion Against Hedge Fund Lake Shore Asset Management Limited
Lake Shore Asset Management Limited, a Registered Commodity Pool Operator and Commodity Trading Advisor, Charged with Refusing to Make Its Books and Records Available to CFTC for Inspection
07/11/2007
U.S. District Court Orders Telephone Clerk of a NYMEX Floor Brokerage Operation to Pay More Than $3.6 Million for Defrauding his Employer
Order: Matthew Doyle
CFTC Charges Telephone Clerk for a Floor Brokerage Operation at the NYMEX with Scheme to Defraud
07/05/2007
CFTC Files Contempt of Court Motion Against Hedge Fund Lake Shore Asset Management Limited
Contempt of Court Motion
Memorandum of Law in Support of Motion
Lake Shore Asset Management Limited, a Registered Commodity Pool Operator and Commodity Trading Advisor, Charged with Refusing to Make Its Books and Records Available to CFTC for Inspection
06/28/2007
Lake Shore Asset Management Limited, a Registered Commodity Pool Operator and Commodity Trading Advisor, Charged with Refusing to Make Its Books and Records Available to CFTC for Inspection
Order: Lake Shore Asset Management Ltd.
Complaint: Lake Shore Asset Management Ltd.
06/26/2007
CFTC Settles Natural Gas False Reporting and Attempted Manipulation Lawsuit with Former CMS Field Services Natural Gas Trader Jeffrey Bradley and Supply Director Robert Martin
Permanent Injunction Order: Robert L. Martin
Permanent Injunction Order: Jeffrey A. Bradley
06/05/2007
South Carolina Federal District Court Issues Consent Order of Preliminary Injunction against Albert E. Parish, Jr. and His Company Parish Economics, LLC
Permanent Injunction Order: Albert E. Parish Jr. and Parish Economics LLC
U.S. Commodity Futures Trading Commission Charges South Carolinian Albert E. Parish, Jr. and His Company, Parish Economics, LLC in Multi-Million Dollar Commodity Pool Fraud
06/04/2007
Dallas Court Order Imposes More than $4.9 Million in Monetary and Other Sanctions against Carl W. King and Carl W. King Investments, LLP in Anti-Fraud Action Brought by the CFTC
Memorandum Opinion and Order: Carl W. King and Carl W. King Investments LLP
Judgment Order: Carl W. King and Carl W. King Investments LLP
CFTC Charges Texas Man and His Company With Defrauding Customers of $4.5 Million
05/30/2007
Florida Federal Court Imposes More than $6 Million in Sanctions against a South Florida Corporation and Ft. Lauderdale Area-Resident Steven Labell in a Foreign Currency Fraud Case
Federal Court Imposes More than $14.7 Million in Sanctions on Two Florida Corporations and Five South Florida Men in Commodity Options Fraud Case
Order: Global Atlantic Management LLC d/b/a Worldwide Forex, Inc. and Worldwide Commodity Corp. and Steven Labell
05/25/2007
Nine Florida Defendants Charged with Selling Illegal Foreign Currency (Forex) Options and Defrauding Customers of More than $7 Million
Complaint: Addison Enterprise
Asset Freeze Order: Addison Enterprise
05/22/2007
Nevada Federal Court Orders Sham Psychologist/Commodity Futures Trading Guru to Pay Penalty for Internet Misrepresentations
Permanent Injunction Order: Richard McCall
CFTC Charges Las Vegas, Nevada, Resident Richard McCall With Fraud, Alleging that McCall, Doing Business As The Mastery Group International, Fraudulently Solicited Clients for Futures Trading Workshops on the Internet
05/21/2007
New York Court Enters Order Granting Judgment against American Energy Exchange and York Commodities for International Commodity Option Scam
CFTC Charges Two Websites with Commodities Options Scam
Order: American Energy Exchange and York Commodities
05/17/2007
New York Court Enters Order Imposing More than $2,000,000 in Monetary and Other Sanctions against Joseph Pappalardo, Ronald Turner, and Miron Vinokur in a Foreign Currency Scam
Order: Richmond Global Associates, LLC, et al.
05/07/2007
Florida Federal Court Imposes More than $16 Million in Sanctions against Two South Florida Corporations and Pompano Beach Resident Ted Romeo in Commodity Options Fraud Case
Permanent Injunction Order: Liberty Financial Trading Corp. Inc., Liberty Real Assets Investment Corporation, and Ted Romeo
05/04/2007
Defendants in Fraud Action Brought by the U.S. Commodity Futures Trading Commission Ordered to Pay More than $14 Million in Civil Penalties and Disgorgement
Order for Default Judgment: Moni Inc., Ria Riviera Inc., Body Blasters Inc., Success Direct Inc., and Tri Lynx Inc.
Consent Order: Monica Schiera Main and Brian Main
Complaint: Monica Schiera Main, Brian Main, Gemancer Inc., Gemancer II Inc., and Trade Pro Inc.
05/03/2007
California Federal Court Enters Order Granting Judgment against White Pine Trust Corporation and California Resident Stephan Baere in Foreign Currency Fraud Action
California Federal Court Orders Defendant to Pay Over $29 Million in CFTC Fraud Action
Amended Complaint: Stephan Baere and White Pine Trust Corporation
Default Judgment Order: White Pine Trust Corporation
Order: Stephen Baere
05/02/2007
Illinois Federal District Court Imposes a Permanent Trading Ban and a $100,000 Civil Monetary Penalty against Florida Resident Bernadette Flavell for Violating a CFTC Order
Memorandum Opinion and Order: Bernadette Flavel
Permanent Injunction and Final Judgment: Bernadette Flavel
05/01/2007
U.S. Commodity Futures Trading Commission Charges Illinois Resident Anthony A. Demasi and His Company, Tsunami Capital, LLC, with Fraud
Order: Anthony A. Demasi and Tsunami Capital LLC
Complaint: Anthony A. Demasi and Tsunami Capital LLC
04/30/2007
U.S. Commodity Futures Trading Commission Files Action in Federal Court to Compel Commodity Index Provider Platts to Produce Relevant Documents in Government Energy Investigation
In the Matter of an Application to Enforce Administrative Subpoena: McGraw-Hill Companies, Inc.
04/26/2007
U.S. Commodity Futures Trading Commission Sanctions Flushing, New York Trader for Illegal Electronic Trading
Order: Pak Tong Lui (a/k/a Patrick Lui)
04/25/2007
U.S. Commodity Futures Trading Commission Files Action against Five Foreign Entities and Individuals for Engaging in Illegal Transactions to Pass Money among Trading Accounts
Order: Aaristo Commodities and Futures DMCC
Order: Supama International DMCC, et al.
Complaint: Supama International DMCC, Naresh Kumar Jain, Aaristo Commodities and Futures DMCC, Kanta Nath Jain, and Hainke & Anderson Trading LLC
04/19/2007
U.S. Commodity Futures Trading Commission Charges South Carolinian Albert E. Parish, Jr. and His Company, Parish Economics, LLC in Multi-Million Dollar Commodity Pool Fraud
Complaint: Albert E. Parish Jr. and Parish Economics LLC
04/19/2007
U.S. Commodity Futures Trading Commission Files Fraud Action against Florida Foreign Currency Firm, Its Owner, and Futures Commission Merchant
Complaint: Millenium Trading Group Inc, Cedric R. Stanton, and Worldwide Clearing LLC
04/12/2007
New York Federal Court Judgment Concludes Multi-Million Dollar Foreign Currency (Forex) Fraud Action Brought by the U.S. Commodity Futures Trading Commission
Miami, Florida Area Residents Melvin Webman and Larry Webman Ordered by Federal Court to Pay Over $2.9 Million in Foreign Currency Fraud Action Brought by the CFTC
Consent Order: Lyle Wexler
04/12/2007
Nine Defendants from “Operation Wooden Nickel” Ordered to Pay Restitution, Return Ill-Gotten Gains, and Pay Fines Totaling More Than $14,000,000
Fifteen Defendants from “Operation Wooden Nickel” Ordered by the Court to Pay Restitution, Return Ill-Gotten Gains, and Pay Fines Totaling over $25 Million
Order: John Messina (03 CV 9125)
Order: Anthony DiNapoli (03 CV 9125)
Order: ISB Clearing Corporation (03 CV 9127)
Order: ISB Clearing Corporation (03 CV 9128)
Order: Madison Deane & Associates, Inc. (03 CV 9128)
04/05/2007
U.S. Commodity Futures Trading Commission Revokes the Registration of Florida Corporation Worldwide Commodity Corporation and its Successor, South Coast Commodities, Inc.
U.S. Commodity Futures Trading Commission Seeks to Revoke Registrations of Worldwide Commodity Corporation and South Coast Commodities, Inc.
Final Order: South Coast Commodities
Final Order: Worldwide Commodity Corporation
04/02/2007
Government Obtains Judgment against Two New York Investment Firms
U.S. Commodity Futures Trading Commission Charges Two Staten Island Hedge Funds And Their Principal With Stealing Millions Of Dollars In Foreign Currency Scheme
Order: Alexsander Efrosman a/k/a Alex Besser, AJR Capital Inc., Century Maxim Fund Inc.
04/02/2007
Government Charges Texas Man and his Investment Company with Defrauding Customers in Connection with Internet Solicitations
Complaint: Aden Rusfeldt and Rusfeldt Investments LLP
Preliminary Injunction Order: Aden Rusfeldt and Rusfeldt Investments LLP
Statutory Restraining Order: Aden Rusfeldt and Rusfeldt Investments LLP
03/29/2007
Notice To Customers Of Forefront Investments Corp. D/B/A/ CFG Trader
03/27/2007
U.S. Commodity Futures Trading Commission Files Action Against Futures Commission Merchant Forefront Investments Corporation d/b/a CFG Trader For Failure to Maintain the Minimum Amount of Net Capital Required by Federal Law
Preliminary Injunction Order: Forefront Investments Corporation d/b/a CFG Trader
Asset Freeze Order: Forefront Investments Corporation d/b/a CFG Trader
Complaint: Forefront Investments Corporation d/b/a CFG Trader
03/22/2007
U.S. Commodity Futures Trading Commission Files Four Cases and Charges Nine Entities for Fraudulently Soliciting Investors Worldwide
Complaint: New York Options Exchange and Tahoe Futures
Complaint: New York Petroleum Option Exchange and HPR Commodities
Complaint: International Energy Exchange and Vitol Capital Management
Complaint: American Futures and Options Exchange, Metro Financials, and American Futures and Options Trading Commission
03/22/2007
New York Federal Court Orders Brokerage Firm, Clearing Firms, and Principals in CFTC Anti-Fraud Action to Pay More Than $21,000,000 in Restitution and Civil Penalties
Order: Commodity Investment Group
03/22/2007
U.S. Commodity Futures Trading Commission Settles Natural Gas False Reporting and Attempted Manipulation Lawsuit with Former Western Gas Resources Energy Trader Andrew Richmond
Order: Andrew Richmond
03/21/2007
Virginia Man & His California Corporation Ordered to Pay Nearly $12 Million in Penalties for Fraudulent Commodity Trading System Sold to More than 15,000 Customers
U.S. Commodity Futures Trading Commission Charges Virginia Man and California Corporation with Fraud
Default Judgment Order: Michael Hayes a/k/a Frank Richards
03/15/2007
U.S. Commodity Futures Trading Commission Settles Fraud Action Against Maryland Resident Arthur John Keeffe, II and His Foreign Currency (Forex) Trading Company, Calvary Currencies LLC
Order: Arthur John Keeffe II, Calvary Currencies LLC
03/14/2007
Connecticut Resident Burton Friedlander and his Company Ordered to Pay More Than $2 Million to Defrauded Customers in Connection with Commodity Fraud Scheme
Consent Order: Burton G. Friedlander and Friedlander Capital Management Corporation
03/14/2007
Defendants Ordered to Pay $1.6 Million in Government's Attempted Manipulation Case against Concord Energy, LLC and Natural Gas Energy Traders Shawn McLaughlin and Darrell Danyluk
Consent Order: Darrell Danyluk
Consent Order: Shawn McLaughlin
Consent Order: Concord Energy, LLC
03/07/2007
CFTC Settles Recordkeeping Charges Against Pioneer Futures, Inc.
Order: Pioneer Futures, Inc.
03/01/2007
CFTC's Division of Enforcement Clarifies Cooperation Advisory with Respect to the Attorney-Client and Work Product Privileges
Cooperation Factors in Enforcement Division Sanction Recommendations
02/20/2007
Man Financial Inc. Sanctioned for Failing to Supervise Former Employee Who Fraudulently Solicited Customers
Order: Steven M. Camp and Man Financial, Inc.
02/16/2007
Federal Court Imposes Penalty and Restitution of More Than $1.3 Million against Manager at Worldwide Commodity Corporation in Commodity Options Fraud Case
Federal Court Imposes More than $14.7 Million in Sanctions on Two Florida Corporations and Five South Florida Men in Commodity Options Fraud Case
Consent Order: Bruce N. Crown
02/15/2007
U.S. Commodity Futures Trading Commission Settles Action Charging NRG Energy Inc. with Falsely Reporting Natural Gas Trades
Eighth Circuit Court of Appeals Finds that the CFTC Properly Pursued Charges Against NRG Energy, Inc. in Minnesota District Court
Order: NRG Energy, Inc.
02/13/2007
California Court Orders Gilbert Philip Castillo, Jr. and Castle Enterprise Corporation to Pay More than $800,000 in Disgorgement and $480,000 in Civil Penalties for Fraud by an Unregistered Commodity Trading Advisor
CFTC Charges California Resident Gilbert Philip Castillo, Jr., and His Company, Castle Enterprise Corporation, with Fraud
Order: Gilbert Philip Castillo, Jr. and Castle Enterprise Corporation (Castle)
02/07/2007
Texas Federal Court Orders Payment of More Than $123 Million in Fines and Restitution in Case Filed by the U.S. Commodity Futures Trading Commission against Seattle Firm and its Affiliates Involved in Forex Swindle
Final Judgement Order: Premium Income Corporation, Inforex, Ltd., and Tri-Forex International, Ltd.
02/06/2007
U.S. Commodity Futures Trading Commission Files Anti-Fraud Action Against New York Hedge Fund Cornerstone Capital Management, LLC and its Operator, Atlanta Resident Joseph T. Profit II
Restraining Order: Cornerstone Capital Management, LLC and Joseph T. Profit II
Complaint: Cornerstone Capital Management, LLC and Joseph T. Profit II
02/01/2007
U.S. Commodity Futures Trading Commission Revokes the Registration of United Investors Group Inc.
South Florida Court Imposes Over $25 Million in Sanctions in Energy and Foreign Currency Options Fraud Case
CFTC Seeks to Revoke Registration of United Investors Group, Inc., of Boca Raton, Florida
Order and Initial Order: United Investors Group, Inc.
02/01/2007
U.S. Commodity Futures Trading Commission Revokes the Registration of Risk Capital Trading Group, Inc.
Federal Court Imposes More Than $22 Million in Sanctions on Georgia Corporation and Six Broker/Traders in Commodity Options Fraud Case
Initial Order: Risk Capital Trading Group, Inc. (Risk Capital)
Order: Risk Capital Trading Group, Inc. (Risk Capital)
01/24/2007
Georgia Hedge Fund, Renaissance Asset Management, LLC, and its Atlanta-based Chief Operating Officer Charged in Federal Court with Commodity Pool Fraud
Order: Renaissance Asset Management LLC and Anthony Michael Ramunno Jr.
Complaint: Renaissance Asset Management LLC and Anthony Michael Ramunno Jr.
01/18/2007
Florida Federal Court Judgment Concludes Multi-Million Dollar Foreign Currency (Forex) Anti-Fraud Action Brought by the U.S. Commodity Futures Trading Commission
Order: Next Financial Services Unlimited Inc., New World Trading LLC, Aaron Ettinger, Robert Larocca, Russell Diaz, and Shad Thomas Haynes
01/18/2007
Foreign Currency Company, UForex Consulting, its President, and Former Employee Charged in Louisiana Federal Court with Cheating Customers of More Than $2.9 Million
Complaint: UForex Consulting LLC, Paulo Correa a/k/a Paul Karr, and Mario Garcia
Order: UForex Consulting LLC, Paulo Correa a/k/a Paul Karr, and Mario Garcia
01/16/2007
California Commodity Trading Firm, Acceleration Capital, Settles Charges of Fraud and Misappropriation Based on Former Agent’s Activity
CFTC Files and Settles Charges of Fraud and Misappropriation against Former Employee of California Commodity Trading Firm Castle Trading Inc.
Order: Acceleration Capital, LLC
01/12/2007
U.S. Commodity Futures Trading Commission Files and Settles Charges Against Rosenthal Collins Group
Order: Rosenthal Collins Group
01/11/2007
U.S. District Court for the District of Oregon Enters Final Order against Mastermind of Multimillion Dollar Fraudulent Foreign Currency (Forex) Scam
Order: Russell B. Cline
01/09/2007
U.S. Commodity Futures Trading Commission Obtains Permanent Injunction against Seattle, Washington Man Charged with Solicitation Fraud for the Second Time
Consent Order of Permanent Injunction: Cameron Ownbey
01/09/2007
U.S. Commodity Futures Trading Commission Files and Settles Charges Against Illinois Resident for Indirectly Trading Against His Customer Orders at the Chicago Mercantile Exchange
Order: Harry Karkazis
01/04/2007
New York Firm Sanctioned for Defrauding Investors in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam
CFTC Charges New York Firm Falco & Stevens, Inc. and its President Vyacheslav Nass with Stealing Millions in Foreign Currency Scam
Order: Falco & Stevens, Inc. and Vyacheslav Nass
01/04/2007
U.S. Commodity Futures Trading Commission Charges Stephanie Ann Gallitano and Her Companies, Financial Risk International, Inc. and Financial Risk Management, Inc., with Defrauding Customers Purchasing Foreign Currency (Forex) Options
Complaint: Financial Risk International, Inc. and Financial Risk Management, Inc.
Asset Freeze Order: Financial Risk International, Inc. and Financial Risk Management, Inc.
See Also:
CFTC's Commitment to Open Government
CFTC Transparency
Comment on Pending Rules and Filings
Follow the Status of Enforcement Actions
Case Status Reports
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