L.A. Commodities Trading Firm Shut Down For Improper Commodity Pool Operations
September 30, 2010 by tgabeh · Leave a Comment
The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained an emergency federal court order freezing the assets of a Los Angeles based commodities trading firm. The defendants are charged with solicitation fraud and misappropriation of customer funds in connection with the operation of a commodity pool. The allegations claim they fraudulently solicited over a million dollars from roughly 100 commodity pool participants to invest in commodity futures, foreign currency Read more
Orange County Commodities Trader Faces Civil and Criminal Charges
December 8, 2008 by tgabeh · Leave a Comment
The Commodity Futures Trading Commission (CFTC) has obtained a federal court order in Orange County California, freezing the assets and prohibiting the destruction of documents of an Orange-County commodity trader and his company.
The asset freeze order stems from a CFTC complaint charging both with misappropriating customer funds and concealing trading losses in connection with operating a fraudulent commodity pool.
The complaint alleges that the defendants solicited at least Read more