Wisconsin bank accused of complicity in Cook fraud

by DAN BROWNING , Star Tribune

Associated Bank either helped Trevor Cook defraud investors or simply turned a blind eye, a suit says.

The receiver rounding up assets in what federal prosecutors describe as the worst investment fraud scheme in the history of Minnesota filed a heavily redacted lawsuit Tuesday in…

Federal Court Orders Robert A. Christy and His Company, Crabapple Capital Group LLC, to Pay over $2.6 Million in Monetary Sanctions for Foreign Currency Fraud

Court permanently bars defendants from commodities industry

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order requiring defendants Robert…

CFTC Orders San Gabriel, California Resident David Kaup and His Companies to Pay over $1.89 Million in Restitution and Penalties to Settle Forex Fraud and Misappropriation Charges

Kaup and his companies, Lunden Forex Partners, LP, Lunden Forex Management, LLC, Black Horse Funds, LLC, Black Horse Management, LLC, and Black Horse Partners, LP, defrauded investors out of almost $1.4…

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

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a judgment for $5.5 million in restitution and civil monetary penalties against Claudio Aliaga and CMA…

CFTC Charges Australian Resident Senen Pousa, U.S. Resident Joel Friant, and Their Company, Investment Intelligence Corp., with Operating a Fraudulent $53 Million Worldwide Off-Exchange Forex Scheme; Michael Dillard and Elevation Group Also Charged

Investment Intelligence does business as ProphetMax Managed FX Federal court issues order freezing assets of defendants Pousa,…

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

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that on September 11, 2012, Judge James D. Whittemore of the U.S. District Court for the Middle…

Federal Court in Texas Orders Christopher B. Cornett to Pay over $17 Million in Sanctions in Foreign Currency Fraud Action

The CFTC obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B. Cornett of Buda, Texas, to pay $10.16 million in restitution and a $6.78 million civil monetary penalty in connection with a foreign currency…

CFTC Settles Action against Douglas Elsworth Wilson and Three California Companies for Solicitation Fraud, Misappropriating Customer Funds, and Issuing False Statements in Commodity Futures and Forex Scheme

The CFTC announced that it obtained a federal court order in California that requires defendants Douglas Elsworth Wilson of Poway, Calif., and three companies he controls and…

Local currency-trading brokerage target of criminal probe

By Richard Burnett at Orlando Sentinel

Already facing a regulatory fraud lawsuit and a lockdown of its financial accounts, a Longwood currency-trading firm is now the subject of a criminal investigation as well,…

CFTC Charges California Resident Victor Yu and His Company, VFRS, LLC, with Multi-Million Dollar Forex Fraud and Failure to Register as a Commodity Trading Advisor

Federal court issues order freezing defendants’ assets and protecting books and records

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 27, 2012, The…

Federal Court in Missouri Orders Randall L. Stuckey and His Business Entities to Pay a $250,000 Penalty to Settle CFTC Forex Futures Fraud Action

In related criminal action, Stuckey sentenced to 36 months imprisonment

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 11, 2012, Judge Carol E. Jackson of the U.S. District…

Bravo for this article!!!

Just bravo!

Francesc

(PFG) BEST foot forward?

by Paul Holmes, guest author at Forex Magnates

Suicide is painless, the pain is always felt by those left behind..or stiffed…

At the foot of the PFGBest site is a section titled “disaster recovery”. Many desperate clients, who will have visited the futures broker’s…

If you are affected by PFGBest fraud, you should not miss this special webinar we are putting with the help of the attorney Elan Mendel at Shipkevich PLLC this Friday July 13th 2012... I hope it will be useful for you.

Help us to spread the word

Francesc

PFGBest Case: Discussion with Attorney Elan Mendel…

CFTC Files Complaint Against Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr. Alleging Fraud, Misappropriation of Customer Funds, Violation of Customer Fund Segregation Laws, and Making False Statements

Commission Seeks an Order Freezing Assets and Restitution of Customer Funds.

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced today…

Federal Court in Texas Orders Robert Mihailovich, Sr. and Growth Capital Management LLC to Pay over $9.3 Million in CFTC Anti-fraud Action

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained an order of permanent injunction against defendants Robert Mihailovich, Sr. (Mihailovich, Sr.) of Rockwall, Texas, and Growth Capital Management LLC…

Federal Court in Texas Orders Linda Harris, Chance…

Insurer Reaches Settlement Over Crown Forex FINRA Claims

By Juan Carlos Rodriguez

Law360, New York (June 18, 2012, 5:36 PM ET) -- The insurer for convicted Crown Forex SA fraudster Jason Bo-Alan Beckman on Monday agreed to pay $400,000 to settle Financial Industry Regulatory Authority claims made by investors who lost money…

crazy!... who are the victims here?

Francesc

Testimony wraps in Beckman Ponzi trial

By John Welbes

After a 24-day marathon trial, closing arguments will be heard Thursday, June 7, in the $194 million Ponzi scheme case against Jason "Bo" Beckman, Gerald Durand and Patrick Kiley.

The evidence portion of the case concluded quickly Wednesday…

CFTC Orders Nevada Resident Luis Salazar-Correa and His Company, Prosperity Team, LLC, to Pay More than $2.6 Million to Settle CFTC Anti-fraud Forex Action

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Luis Salazar-Correa of Las Vegas, Nev., and his Nevada-based company, Prosperity Team, LLC, for…

Federal Court in Georgia Orders over $10 Million in Sanctions against Defendant Eldon A. Gresham in Forex Ponzi Scheme

Relief defendants Werner H. Beiersdoerfer and Interveston Wines, LLC ordered to pay an additional $5 million in relief

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) obtained federal court summary judgment orders resolving its…