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Enforcement Actions Archive
Date
Enforcement Actions
12/22/2008
Florida Resident Joerg Heierle and Swiss Corporation INH-Interholding SA Ordered to Pay More Than $9 Million in Restitution and Penalties in CFTC Commodity Pool Anti-Fraud Action
Order: Joerg Heirle and INH-Interholdings SA
Order: Futures Trading Academy, Inc.
Florida Federal Court Issues Order Freezing Assets of Miami Beach Resident Joerg Heierle and Swiss Corporation INH-Interholding SA
12/19/2008
CFTC Orders Brooklyn-Based Commodity Pool Operator and its Principal to Pay $1,350,000 in Restitution and Civil Monetary Penalties for Fraud, Misappropriation, and Furnishing False Documents to the National Futures Association
Order: Yehuda Belsky and Innovative Capital Management, LLC
12/19/2008
Connecticut Federal Court Orders Argentine Trader Diego Mariano Rolando to Pay More Than $10 Million in CFTC Anti-Fraud Action
Order: Diego Mariano Rolando a/k/a Roclerman and ROC d/b/a/ IA Trading.com, Inc.
CFTC Charges Argentine Trader with Defrauding More Than 400 Customers Worldwide in a $43.8 Million Investment Scheme
12/18/2008
New York Federal Court Orders Hedge Fund Linuxor Asset Management LLC, and its Principal Abbas A. Shah to Pay a $200,000 Civil Penalty in CFTC Anti-Fraud Action
12/16/2008
Dairy Farmers of America and Two Former Executives to Pay $12 Million Penalty to Settle CFTC Charges of Attempted Manipulation and Speculative Position Limit Violations
Order: In the Matter of Frank Otis and Glenn Millar
Order: In the Matter of Dairy Farmers of America, Inc., Gary Hanman, and Gerald Bos
12/11/2008
Nevada Firm Alliance Development Co. and William Snyder Ordered to Pay $3.65 Million in Restitution and Penalties for Operating a Commodity Pool Scam in CFTC Anti-Fraud Action
Order: CFTC v. Alliance Development Company, et al.
CFTC Obtains Preliminary Injunctions Against Nevada Corporation and Two Individuals
12/09/2008
Florida Federal Court Orders Nine Defendants in CFTC Foreign Currency (Forex) Anti-Fraud Action to Pay More than $12 Million in Penalties and Customer Restitution
Nine Florida Defendants Charged with Selling Illegal Foreign Currency (Forex) Options and Defrauding Customers of More than $7 Million
Order: Todd Guthrie
Order: Forefront Investments Limited Partnership.
Order: Alan Lerner, The Liberty Mutual Group, Inc., Addison Financial Group, Inc., Addison Management Group, Inc., Hamlin Mercer Group, Inc., Colfax Management Group, Inc.
Order: Benji Dayan
12/04/2008
California Federal Court Freezes Assets of Paul Abad and His Company, Thirteen Thirty-Two, Inc. in CFTC Anti-Fraud Action
Order: Paul Abad, Thirteen Thirty-Two, Inc., and Thirteen Thirty-Two, Inc. dba "MRTS Asset Management"
Complaint: Paul Abad, Thirteen Thirty-Two, Inc., and Thirteen Thirty-Two, Inc. dba "MRTS Asset Management"
12/03/2008
Florida Federal Court Issues Preliminary Injunctions in CFTC Anti-Fraud Action against Florida Commodity Pool Operator Phoenix Diversified Investment Corporation, Inc., and its Principal Michael A. Meisner
Order: Michael A. Meisner and Victoria R. Meisner.
Order: Phoenix Diversified Investment Corporation, Inc.
CFTC Sues Boca Raton Resident Michael A. Meisner and His Company, Phoenix Diversified Investment Corp., in Commodity Pool Anti-Fraud Action
11/25/2008
Michigan-Based Aurifex Commodities Research Co. Ordered to Pay a Total of $150,000 in Restitution and Civil Monetary Penalties to Resolve CFTC Charges of “Private Hedge Fund” Fraud
Order: Aurifex Research L.L.C.
Order: Aurifex Commodities Research Company
Michigan Couple Ordered to Pay More Than $3.1 in Sanctions for “Private Hedge Fund” Fraud
CFTC Charges Mason, Michigan, Couple Ty and Monette Klotz and Their Aurifex Investment Companies With Hedge Fund Fraud
11/20/2008
Utah-Based 4NExchange and Two Individuals Ordered to Pay $720,000 in Penalties to Resolve CFTC Charges of Fraud and Misappropriation in Foreign Currency Scam
Order: Paul R. Grant
Order: Ronald K. Bassett and 4NExchange
11/18/2008
CFTC Charges Former Energy Trader David P. Lee with Fraud for Mis-Marking Bank of Montreal’s Natural Gas Options Book to Exaggerate Trading Profitability; Kevin Cassidy and Others Charged with Assisting Lee in the Fraud
Complaint: Kevin Cassidy, Edward O'Connor, Optionable Inc., David Lee and Robert Moore.
11/17/2008
Former Enserco Energy Trader Matthew Reed to Pay $475,000 to Settle CFTC Charges of False Reporting and Attempted Manipulation of Natural Gas Prices
Order: Matthew Reed
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
10/24/2008
California Resident Jinsup Choi Ordered to Pay More than $10 Million in Restitution and a $1 Million Monetary Penalty for Defrauding Investors in a “Ponzi” Scheme Involving Commodity Futures Contracts
Order: Jinsup Choi a/k/a Gene Choi d/b/a Futures Investment Group.
Complaint: Jinsup Choi a/k/a Gene Choi d/b/a Futures Investment Group
10/24/2008
Western Virginia Man Found Guilty of 37 Counts Related to Defrauding Commodity Pool Investors out of Millions
10/06/2008
CFTC Sanctions Former NYMEX Clerk Brian Keane $90,000 for Fraudulent Trade Practice Scheme
Order: Brian Keane
10/03/2008
Jacksonville Resident Stephanie Ann Gallitano and Her Fort Lauderdale-Based Companies Ordered to Pay More than $5 Million in Restitution and Civil Monetary Penalties in CFTC Forex Anti-Fraud Action
Order: Financial Risk International Inc., et al.
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
10/02/2008
CFTC’s 2008 Fiscal Year Enforcement Roundup: Agency Files 40 Actions, Obtains Record Amount in Penalties and Fines, Discloses Crude Oil Investigation, Forms Forex Task Force
Highlights: CFTC’s FY 2008 Enforcement Success in the Energy Sector
CFTC Announces Formation of Retail Foreign Currency Fraud Enforcement Task Force
CFTC Announces Agricultural Market Initiatives
CFTC Announces Multiple Energy Market Initiatives
Energy Transfer Partners LP and Three of Its Subsidiaries to Pay a $10 Million Penalty to Settle CFTC Action Alleging Attempted Manipulation of Natural Gas Prices
10/01/2008
CFTC Charges Michael Derrick Peninger and His Company, CSA Trading Group, Inc., With Fraud and Misappropriation in $1 Million Commodity Pool Scam
Complaint: CSA Trading Group, Inc., and Michael Derrick Peninger, Inidividually and d/b/a Cooper River Group
09/29/2008
U.S. District Court Orders Five Individuals and Firms to Pay More than $23 Million in Connection With the CFTC Cooperative Law Enforcement Investigation “Operation Wooden Nickel”
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: Stephen E. Moore, 03-cv-9129
Order: ItradeCurrency USA, LLC, docket 03-cv-9129
Order: ItradeCurrency USA, LLC, docket 03-cv-9125
Order: Stephen E. Moore, docket 03-cv-9125
Order: Edward Sapienza, Jr.
Order: Walter, Scott, Lev & Associates, LLC
Order: Michael Ross
U.S. District Court Orders Two New York Residents and a New York Firm to Pay More Than $11 Million for Their Roles in Defrauding Investors in Foreign Currency Schemes
Nine Defendants from “Operation Wooden Nickel” Ordered to Pay Restitution, Return Ill-Gotten Gains, and Pay Fines Totaling More Than $14,000,000
09/29/2008
CFTC Charges North Carolina Man and Two Companies with Solicitation Fraud and Misappropriation of Approximately $1.3 Million of Customer Funds in Commodity Pool Scheme
Complaint: McCall Business Group, LLC, MBG Global, LLC, and Tyrone "Cauzae" McCall
09/25/2008
CFTC Sues Boca Raton Resident Michael A. Meisner and His Company, Phoenix Diversified Investment Corp., in Commodity Pool Anti-Fraud Action
Complaint: Michael A. Meisner and Phoenix Diversified Investment Corporation, Inc.
09/24/2008
CFTC Sanctions Four Registered Commodity Pool Operators for Failing to File Timely Commodity Pool Reports with the National Futures Association
Order: Persistent Edge Management, LLC
Order: Stillwater Capital Partners, Inc. and Stillwater Capital Partners, LLC
Order: Mansur Capital Corporation
09/24/2008
CFTC Files Action to Revoke the Registration of Philadelphia Alternative Asset Management Company
Notice: Philadelphia Alternative Asset Management Company, LLC
09/18/2008
Pennsylvania Resident Gary Scholze Ordered to Pay $1 Million Civil Monetary Penalty in Commodity Futures and Options Anti-Fraud Case
Criminal Judgment: Gary Scholze
Order: Gary F. Scholze
CFTC Charges Pennsylvania Resident Gary Scholze with Fraud and Misappropriation of Customer Funds
09/18/2008
CFTC Files Action to Revoke the Registration of Portland, Oregon, Hedge Fund Beacon Rock Capital, LLC
Order: Beacon Rock Capital, LLC
09/18/2008
Joseph Clark Lavin and His Companies Ordered to Pay More than $23 Million in Restitution and Civil Monetary Penalties in Retail Foreign Currency Options Case
Order: Wendy Anderson and Prosperitas International Credit Union
Order: Joseph Clark Lavin, et al.
U.S. Commodity Futures Trading Commission Charges Washington State Man and His Companies with Defrauding Customers in Retail Foreign Currency Options Scheme
09/16/2008
U.S District Court Imposes Sanctions of More than $2.9 Million Against Foreign Fund, Two Individuals, and a Tennessee Corporation in CFTC Anti-Fraud Action
09/16/2008
South Florida Residents Frank Anthony DeSantis III and Doreen Rose Valko Ordered to Pay More than $8 Million in Restitution and Penalties for Operating a Foreign Currency Options Scam
Order: American Lighthouse Trading, Inc.
Order: Yoos, Jr.
Order: Doreen Rose Valko and Frank Anthony DeSantis III
South Florida Court Orders International Investments Holdings Corporation to Pay Over $12 Million in Restitution and Civil Penalties for Foreign Currency Options Scam
CFTC Charges Florida Residents Doreen R. Valko and Frank Desantis And Their Company - International Investments Holdings, Corp (IIHC) -- with Defrauding Customers of More than $1.1 Million
09/04/2008
CFTC Orders Sempra Energy Trading LLC to Pay $175,000 to Settle Trading Card Violations in Connection with Natural Gas Futures Trading on the NYMEX
Order: In the Matter of Sempra Energy Trading LLC
09/03/2008
California Commodity Pool Operator and its Sole Manager Charged in Federal Court with Commodity Pool Fraud
Order: Robert D. Bame and Forward Investment Group, LLC
Complaint: Robert D. Bame and Forward Investment Group, LLC
09/02/2008
Futures Commission Merchant Nations Investments, LLC and Members of Two South Florida Families Ordered to Pay $5.4 Million to Settle Undercapitalization and False Statement Charges Brought by the CFTC
Order: Nations Investments, LLC, et al.
CFTC Amends Charges Against Nations Investments, LLC and its Principals; Violations Include Undercapitalization and False Statements
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
08/28/2008
CFTC Sanctions Former NYMEX Broker Ryan Tremblay $50,000 for Fraudulent Trade Practice Scheme
Order: Ryan Tremblay
08/26/2008
CFTC Sanctions Former NYMEX Employee for Disclosing Non-Public Information to NYMEX Floor Brokers
Order: Alvin Perez
08/26/2008
CFTC Sanctions Rosenthal Collins Group, LLC $310,000 for Failing to Enforce Compliance Procedures and Diligently Supervise Employees
Order: Rosenthal Collins Group, L.L.C.
08/19/2008
Hedge Fund Trader Paul Eustace and Philadelphia Alternative Asset Management Co. Ordered to Pay More Than $279 Million to Defrauded Customers and More than $20 Million in Civil Monetary Penalties in CFTC Action
Order: Paul M. Eustace and Philadelphia Alternative Asset Management Company, LLC
Order: Paul M. Eustace, and Philadelphia Alternative Asset Management Company, LLC
MF Global Inc. and Thomas Gilmartin to Pay More Than $77 Million to Settle Actions by CFTC and Receiver ad litem
08/11/2008
CFTC Announces Formation of Retail Foreign Currency Fraud Enforcement Task Force
07/31/2008
Tampa Resident Edward J. Evors Ordered to Pay $904,000 in Restitution and Civil Monetary Penalties in CFTC Action
Order: Edward Evors, Bally Lines Ltd. and GPS Fund Ltd.
Order: Edward Evors, Bally Lines Ltd. and GPS Fund Ltd.
Order: Edward Evors, Bally Lines Ltd. and GPS Fund Ltd.
Order: Edward Evors, Bally Lines Ltd. and GPS Fund Ltd.
U.S. Commodity Futures Trading Commission Files Action in Florida Federal Court Against Tampa Resident Edward J. Evors Alleging Misappropriation of Customer Funds
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
07/30/2008
CFTC Files Action to Revoke the Registrations of John C. Glase and Two Ohio Companies
Federal Court Finds Ohio Corporation Carnegie Trading Group, Ltd., Inc. and its President, John Glase, Liable for Acts of Employees in Fraudulent Sales Solicitation Case Brought by the CFTC
Notice: John C. Glase, et al.
07/30/2008
California Resident Gilbert Philip Castillo, Jr. to Pay More Than $272,000 to Resolve CFTC Anti-Fraud Action
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
Order: Gilbert Philip Castillo, Jr.
CFTC Charges California Resident Gilbert Philip Castillo, Jr., and His Company, Castle Enterprise Corporation, with Fraud
07/29/2008
CFTC Charges Canadian Couple with Fraud and Misappropriation in Connection with the Operation of a Commodity Pool
Complaint: Robin States, d/b/a Infinity Online Investors Group and Bernadette Bowden
07/28/2008
U.S. Attorney Follows CFTC Civil Complaint with Filing of a Criminal Information Against George D. Hudgins of Nacogdoches, Texas for Operating a Commodities Ponzi Scheme
Information: George D. Hudgins
Order: George D. Hudgins, individually and dba George D. Hudgins, L.L.C.
Federal Court Order Freezes Assets of Texas Resident George D. Hudgins in CFTC Anti-Fraud Action
07/24/2008
CFTC Charges Optiver Holding BV, Two Subsidiaries, and High-Ranking Employees with Manipulation of NYMEX Crude Oil, Heating Oil, and Gasoline Futures Contracts
Transcripts of Audio Files Attached as Exhibit A
Statement of Acting Director of Enforcement Stephen Obie Regarding Enforcement Case Related to National Crude Oil Investigation
Statement of Acting Chairman Walter L. Lukken Regarding Enforcement Case Related to National Crude Oil Investigation
Complaint: Optiver US, LLC, et al.
Chart: Allegations of Manipulative Conduct re CFTC v.Optiver US,, LLC, et al.
Case Background Information re CFTC v.Optiver US, et al.
06/19/2008
Illinois Resident Cameron Charles Ordered to Pay a $100,000 Civil Penalty and Submit to a Permanent Trading Ban in Connection with the Financial Collapse of Watseka Farmers Grain Co. Cooperative
Order: Cameron Charles
06/16/2008
CFTC Obtains Order Against California-based James J. Zhou and His Firm, Jade Trader, Requiring Payment of Restitution to Defrauded Customers and Civil Monetary Penalties
Order: CFTC v. James J. Zhou, et al.
05/23/2008
Federal Court Rejects Amaranth Hedge Fund and Head Trader Brian Hunter’s Attempt to Dismiss Government’s Natural Gas Case Against Them
Opinion: CFTC v. Amaranth Advisors
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
05/21/2008
Federal Court Order Freezes Assets of Texas Resident George D. Hudgins in CFTC Anti-Fraud Action
Order: CFTC v. George D. Hudgins
Complaint: George D. Hudgins
05/02/2008
U.S. Commodity Futures Trading Commission Obtains Federal Court Order Freezing Assets of California-based Safevest LLC
Order: CFTC v. Safevest LLC
Complaint: CFTC v. Safevest LLC
05/01/2008
CFTC Sues Sentinel Management Group, Inc. and Two of Its Executive Officers for Fraud, Segregation, and False Reporting Violations Involving $562 Million in Customer Funds
CFTC v. Sentinel Management Group, Inc., et al.
04/30/2008
Lake Shore Group of Companies Inc., Ltd., Prohibited from Trading Commodity Futures, as Illinois Federal Court Puts the Brakes on Multi-Million Dollar International Fraud
Memorandum and Order: Lake Shore Asset Management Limited, et al.
CFTC Files Second Amended Complaint Charging Philip J. Baker, Lake Shore Asset Management Limited, Lake Shore Group, and Several Commodity Pools with Fraud
Illinois Federal Court Freezes Assets of Lake Shore Asset Management Limited; Court Finds that the Lake Shore Common Enterprise Committed Fraud
Federal Court Extends CFTC Asset Freeze over Hedge Fund 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
04/30/2008
New Jersey Federal Court Freezes Assets of Hedge Fund in Fraud Action Brought by the CFTC
Complaint: CFTC v. Robert Sucarato d/b/a/ New York Financial Company
Order: Robert J. Sucarato d/b/a/ New York Financial Company
04/22/2008
U.S. District Court Orders Two New York Residents and a New York Firm to Pay More Than $11 Million for Their Roles in Defrauding Investors in Foreign Currency Schemes
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: Walter, Scott, Lev & Associates, LLC, et al.
Order: Walter, Scott, Lev & Associates, LLC, et al.
Order: First Lexington Group, LLC et. al.
Nine Defendants from “Operation Wooden Nickel” Ordered to Pay Restitution, Return Ill-Gotten Gains, and Pay Fines Totaling More Than $14,000,000
04/21/2008
CFTC Sanctions Alaron Trading Corporation for Failing to Supervise Diligently Employees
Order: Alaron Trading Corporation
04/14/2008
Florida-Based E-Metal Merchants, Inc. and Two Officers Ordered to Pay More Than $10 Million in Restitution and Penalties in Illegal Off-Exchange Metal Options Case
Order: CFTC v. E-Metal Merchants, Inc. et al.
04/10/2008
Virginia-Based Forefront Investments Corp. and Richmond Couple Ordered to Pay $260,000 to Settle Undercapitalization Charges
Complaint: Forefront Investments Corp., d/b/a CFG Trader, et al.
Order: Forefront Investments Corp., d/b/a CFG Trader, et al.
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
Notice To Customers Of Forefront Investments Corp. D/B/A/ CFG Trader
04/09/2008
U.S. District Court Orders George Heffernan, a/k/a George W. Marshall, to Pay $650,000 in Sanctions in Federal CFTC Action Involving Fraudulent Trading Commodity Advice and Services
Order: George Heffernan, a/k/a George W. Marshall
Report and Recommendation: George Heffernan, a/k/a George W. Marshall
04/09/2008
Dubai-Based Aaristo Commodities and Futures DMCC Ordered to Pay $100,000 Penalty Related to Charges of Engaging in Illegal Trades
Order: CFTC v. Supama International DMCC, et al.
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
04/08/2008
CFTC Sanctions Two NYMEX Brokers for Fraudulent Trade Practice Schemes in Joint Investigation with the NY County District Attorney’s Office
Order: In the Matter of Thomas Maloney, Respondent
Order: In the Matter of Steven Karvellas, Respondent
04/07/2008
CFTC Charges Ex-felon Turned Business Man, Kenneth Branch, and His Company, Cocoon Trade Inc., with Fraud
SRO: Cocoon Trade Inc, et al
Preliminary Order: Cocoon Trade Inc, et al
Complaint: CFTC v. Cocoon Trade Inc. and Kenneth L. Branch.
03/27/2008
Texas Resident Aden Rusfeldt and Rusfeldt Investments LLP to Pay More Than $3 Million in Penalties in Currency Fraud Case
Order: Aden Rusfledt, et al.
Government Charges Texas Man and his Investment Company with Defrauding Customers in Connection with Internet Solicitations
03/18/2008
CFTC Charges Texas Resident Rockland McMahan with Making False Reports of Feeder Cattle Sale Activity to the USDA
Complaint: Rockland P. McMahan
03/17/2008
Energy Transfer Partners LP and Three of Its Subsidiaries to Pay a $10 Million Penalty to Settle CFTC Action Alleging Attempted Manipulation of Natural Gas Prices
Order: Energy Transfer Partners, L.P.
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
03/12/2008
BNP Paribas Commodity Futures, Ltd. of London to Pay a $25,000 Civil Monetary Penalty to Settle CFTC Charges of Large Trader Reporting Violations
Order: In the Matter of BNP Paribas Commodity Futures, Ltd.
03/06/2008
Former Duke Energy Trader Michael Whitney to Pay a $55,000 Penalty in Natural Gas False Reporting Case
Order: Michael Whitney
03/05/2008
Illinois Federal Court Orders Peter D. Hoffman to Pay $492,850 in Restitution and Civil Monetary Penalties in CFTC Anti-Fraud Action
U.S. Commodity Futures Trading Commission Charges Chicago Resident Peter D. Hoffman with Defrauding Commodity Futures Customers
Order: Peter D. Hoffman
02/21/2008
Florida-Based Executive Commodity Corp. and Three Employees Ordered to Pay Approximately $24 Million in Restitution and Penalties in CFTC Anti-Fraud Action
Complaint: Executive Commodity Corp., et al.
Order: Alberto J. Jimenez
Order: Don D. Campbell
Order: Executive Commodity Corp. and Thomas C. Kennedy
02/21/2008
CFTC Settles Introducing Broker Fraudulent Solicitation Lawsuit with Florida-Based FCM Guarantors National Commodities Corporation, Inc., and International Commodity Clearing LLC
Order: American Derivatives Corp., et al.
02/20/2008
CFTC Files Second Amended Complaint Charging Philip J. Baker, Lake Shore Asset Management Limited, Lake Shore Group, and Several Commodity Pools with Fraud
Complaint: Lake Shore Asset Management Limited, et al
Illinois Federal Court Freezes Assets of Lake Shore Asset Management Limited; Court Finds that the Lake Shore Common Enterprise Committed Fraud
Federal Court Extends CFTC Asset Freeze over Hedge Fund 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
02/14/2008
LJH Global Investments, LLC of Naples, Florida, Ordered to Pay $125,000 Penalty for Failure to File Annual Reports on Time
Order: LJH Global Investments, LLC
02/14/2008
Paradigm Capital Management LLC of New York Ordered to Pay a $75,000 Penalty for Failure to Timely File Commodity Pool Reports
Order: Paradigm Capital Management LLC
02/14/2008
Charles DeFazio And Galaxy Resources 2000, LLC to Pay $1.43 Million In Sanctions to Settle CFTC Pool Fraud Action
Order: Charles A. Defazio, et al.
CFTC Obtains Federal Court Order Freezing Assets Of California Commodity Pool Operator Galaxy Resources 2000 LLC And Manager Charles A. Defazio In Fraud Action
02/12/2008
CFTC Amends Charges Against Nations Investments, LLC and its Principals; Violations Include Undercapitalization and False Statements
Amended Complaint: Nations Investments, LLC, et al.
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
02/08/2008
Michigan Couple Ordered to Pay More Than $3.1 in Sanctions for “Private Hedge Fund” Fraud
Opinion: Aurifex Commodities Research Company, et al.
Order: Aurifex Commodities Research Company, et al.
CFTC Charges Mason, Michigan, Couple Ty and Monette Klotz and Their Aurifex Investment Companies With Hedge Fund Fraud
02/07/2008
Tennessee Federal Court Orders Christian Kis of Hendersonville, Tennessee to Pay More Than $900,000 in Penalties in Hedge Fund Fraud Action
Order: Christian Kis
CFTC Obtains Federal Court Order Freezing Assets of Tennessee Resident Charged with Fraud in Connection with Operating a Commodity Pool
02/07/2008
Illinois Resident Edward R. Velazquez and His Three “V-Tek” Companies Sanctioned Over $11.6 Million in Settlement of CFTC Commodity Fraud Action
Dismissal Order: Edward R. Velasquez, et al.
Order: Edward R. Velazquez, et al.
02/07/2008
New Jersey Federal Court Orders More Than $8 Million in Sanctions Against Robert W. Shimer, Vincent J. Firth, and Equity Financial Group LLC in CFTC Anti-Fraud Action
01/24/2008
CFTC Sanctions Virginia Commodity Pool Operator $739,000 to Settle Fraud and Misappropriation Charges
Order: Robert Lee Roane
01/23/2008
CFTC Files Action to Revoke Registrations of Introducing Brokers Liberty Financial Trading Corp., Inc. and Liberty Real Assets Investment Corporation
Notice: Liberty Financial Trading Corp., et al.
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
01/22/2008
CFTC Settles Charges against Dubai-Based Supama International DMCC for Engaging in Illegal Trades that Resulted in an Illegal Pass of Money among Accounts
Order: Supama International DMCC
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
01/16/2008
CFTC Charges Argentine Trader with Defrauding More Than 400 Customers Worldwide in a $43.8 Million Investment Scheme
Statutory Restraining Order: Diego Mariano Rolando a/k/a/ Roclerman and ROC d/b/a/ IA Trading.com Inc.
Complaint: Diego Mariano Rolando a/k/a/ Roclerman and ROC d/b/a/ IA Trading.com Inc.
01/15/2008
CFTC Obtains Verdict Against Former Coral Energy Trader Anthony Dizona for Attempted Manipulation; Jury Finds Defendant Violated the Commodity Exchange Act by Attempting to Manipulate the Natural Gas Market Eight Times
01/10/2008
CFTC Charges Two Chicago Board of Trade Floor Brokers with Defrauding Customers Out Of More Than $2 Million
Complaint: Edward C. Sarvey, et al.
01/09/2008
Former Employee of Pompano Beach Commodity Firm, Leslie Weiner, Settles Charges that He Defrauded Commodity Options Customers
01/08/2008
President of a Miami Commodity Futures and Options Firm Sanctioned $260,000 for Fraud and Misappropriation of Customer Funds
Order: Lazaro Jose Rodriguez
CFTC Charges Florida Man And His Firm With Stealing $1.5 Million From Customers
01/03/2008
CFTC Seeks to Revoke the Registration of Fort Lauderdale-based Worldwide Clearing, LLC
Notice: Worldwide Clearing, LLC
Consent Order of Permanent Injunction: Worldwide Clearing, LLC
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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