CFTC Charges Puerto Rico Resident Angel F. Collazo and ACJ Capital,...
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 it filed a complaint charging Angel Fernando Collazo of Salinas, Puerto Rico, and his company, ACJ Capital, Inc. (ACJ), with fraudulently soliciting at least $1.7 million from at least 18 individuals to trade off-exchange leveraged foreign currency (forex) contracts and issuing false statements to conceal trading losses.
On the same day the complaint was filed under seal, May 4, 2011, Judge José A. Fusté of the U.S. District Court for the District of Puerto Rico issued an emergency order, also under seal, freezing the defendants’ assets and prohibiting the destruction of books and records.