Articles Posted in CFTC Enforcement Actions

CFTC Orders Florida Firms, Joseph Glenn Commodities LLC and JGCF LLC, and Owners Scott Newcom and Anthony Pulieri to Pay over $1 Million in Restitution and Penalties for Fraudulent Off-Exchange Transactions in Precious Metals with Retail Customers The U.S. Commodity Futures Trading Commission (CFTC) recently issued an Order filing and settling charges against two Boca…

United States Commodity Futures Trading Commission v. Hunter Wise Commodities, LLC., et. al., Case No. 12-81311-Civ-Middlebrooks, Southern District of Florida. As a follow up to our recent post concerning the above referenced matter, the Court on February 25, 2013 followed its Order Appointing Special Corporate Monitor of February 22, 2013, by issuing its Order on…

Precious Metals Fraud and Misrepresentation: CFTC Charges Hunter Wise Commodities, Lloyds Commodities, C.D. Hopkins Financial, United States Capital Trust, Newbridge Alliance, Blackstone Metals Group, and their Principals in Multi-Million Dollar Fraudulent Precious Metals Scheme CFTC alleges that defendants conducted illegal, off-exchange commodity transactions, and deceived customers in connection with financed transactions in precious metals The…

CFTC Charges Florida Resident William Jeffery Chandler with Forex Fraud and Misappropriation Federal court enters emergency order freezing defendant’s assets and protecting books and records The U.S. Commodity Futures Trading Commission (CFTC) recently announced that on September 11, 2012, Judge James D. Whittemore of the U.S. District Court for the Middle District of Florida entered…

Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it obtained a judgment for $5.5 million in restitution and civil monetary penalties against Claudio Aliaga and CMA…

Federal Court Orders Martin B. Rosenthal to Pay $1.2 Million for Aiding and Abetting the Making of False Statements to the NFA, Failing to Register as a Commodity Trading Advisor, and Violating a Previous CFTC Order The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it obtained a federal court order requiring Martin B.…

Federal Court Orders Oscar Hernandez and His Companies to Pay $1.4 Million in Penalties and Bars Him from the Commodities Industry for Operating a Commodity Pool Ponzi Scheme In a related criminal proceeding, Hernandez sentenced to 57 months imprisonment and ordered to pay restitution The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it…

Federal Court in Florida Imposes $350,000 Penalty against GlobeFX Club, Inc. and Jeremy Munson Globe for Making False Statements to the National Futures Association and Permanently Bars Defendants from Commodities Industry: The U.S. Commodity Futures Trading Commission (CFTC) recently obtained a federal court consent order of permanent injunction requiring defendants GlobeFX Club, Inc. (GFC) and…

Broker/Dealer and Account Executive Fraud, Misrepresentation and Mismanagement Litigation and Arbitration Attorney, Russell L. Forkey, Esq. CFTC Charges Florida Firm Angus Jackson, Inc. and its CFO Martin H. Bedick with Making False, Fictitious, or Fraudulent Statements to the NFA Martin B. Rosenthal, an unregistered trader, allegedly aided and abetted Bedick in making false and misleading…

Broker/Dealer and Account Executive Fraud, Mismanagement and Misrepresentation Litigation and Arbitration Attorney, Russell L. Forkey, Esq. March, 2012: CFTC Revokes Registrations of Richard Allan Finger, Jr. and his Company, Black Diamond Futures, LLC Based on Criminal Action The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it filed a Notice of Intent to Revoke…