Kane Capital Investment Group charged with operating a ponzi scheme LeapRate

April 13, 2018 BY Valentina Kirilova

Kane Capital Investment Group charged with operating a ponzi scheme

The Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of Virginia against Defendants The Kane Capital Investment Group, LLC (Kane Capital), a commodity pool organized in Virginia, and its principal, Amrit Jaswant Singh Chahal (Chahal) of Fairfax, Virginia. The CFTC…

December 20, 2016 BY admin

CFTC charges Arizona man in connection with $1.5M forex trading ponzi-style scheme

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the District of Arizona, charging Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona, with engaging in fraudulent sales practices, providing false account statements to commodity pool participants, and misappropriating pool participants’ funds. In its Complaint,…

August 06, 2015 BY Mike Fox

New York Federal Court orders fraudster to pay more than $1 million for bogus algorithmic trading fund

Defendants solicited and accepted approximately $1.35 million and issued false statements for purported quantitative algorithmic trading system in E-mini S&P 500 futures contracts and other index futures.

January 15, 2015 BY Mike Fox

CFTC orders New Jersey based commodity pool fraudster to pay $871,000 for several offenses

Failure to provide monthly statements, misappropriating funds and failing to return funds to pool participants who sought to withdraw lands New Jersey based investment pool operator in hot water

December 18, 2014 BY Andrew Saks-McLeod

Federal court orders AlphaMetrix LLC to pay $5.6 million in restitution and penalties

The CFTC has ordered AlphaMetrix to pay restitution of $2.8 million and a civil monetary penalty of $2.8 million and requires AlphaMetrix Group to pay disgorgement of $2.8 million.

August 12, 2014 BY Mike Fox

Forex Fraud Watch: CFTC orders New York resident and fraudulent fund operator Jacob N. Stein to pay restitution

The U.S. Commodity Futures Trading Commission (CFTC) officially announced today that it entered an Order requiring Jacob N. Stein of Hankins, New York, individually and doing business as TEPdesign, Inc., to pay restitution of $244,400 to defrauded customers and a $100,000 civil monetary penalty, for committing fraud and misappropriation in connection with a commodity pool…

Tag: commodity pool