Tag: ponzi scheme

Craig Carton WFAN investment scam
September 06, 2017 BY LeapRate Staff

WFAN radio sports host Craig Carton charged with running concert ticket investment scam to pay off gambling debts

The U.S. Securities and Exchange Commission today charged a popular New York sports radio personality as well as another New York City man with stealing millions of dollars from investors who were allegedly promised that their funds would be used for the purchase and resale of concert tickets. In a complaint filed in federal district…

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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,…

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SFC fines
November 30, 2016 BY LeapRate Staff

Former CBOE board member Alvin Wilkinson hit with $21.8 million penalty for running futures Ponzi scheme

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Virginia Kendall of the U.S. District Court for the Northern District of Illinois entered an Order of default judgment and permanent injunction against Defendants Alvin Guy Wilkinson of San Juan, Puerto Rico, and his entities, Chicago Index Partners, L.P. (CIP) and Wilkinson Financial Opportunity Fund,…

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June 06, 2016 BY LeapRate Staff

CFTC charges Haena Park and her companies with misappropriation, trading fraud, and running a Ponzi scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action charging Haena Park and her companies operating under various names including Phaetra Capital GP LLC, Argenta Capital GP LLC, Phaetra Capital Management LP, Argenta Capital LLC, and Argenta Group LLC with fraudulently operating a commodity pool and misappropriation of pool…

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February 25, 2016 BY Maria Nikolova

Liquidators of BlackfortFX/Arena Capital recover only NZ$1.07 million

Grant Robert Graham and Neale Jackson of KordaMentha, who act as Liquidators of now defunct Forex broker BlackfortFX (aka Arena Capital Limited), have published their second report, updating investors about their actions. The liquidators have focused on recovering assets and, according to their report (see table below) they have managed to obtain receipts of NZ$1.07…

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