skip to main content
homeGlossarySite MapContact UsRelated LinksFormsFAQs
Enforcement Complaints
Printable Version
  
Commitments of Traders
Customer Protection
Exchanges & Products
Market Oversight
Before You Trade
Law & Regulation
About the CFTC
Press Office
Speeches & Testimony
Federal Register & Comments
International Affairs
FOIA
Reports & Publications
How to Register
Filing a Customer Complaint
Financial Privacy
Advisory Committees
Employment Opportunties
Procurement Opportunties
 

FULL TEXT OF ENFORCEMENT ORDERS AND COMPLAINTS

Previous Years
1998 1999 2000 2001 2002

2003

  • FEDERAL COURT ORDERS CALIFORNIA MAN TO REPAY CUSTOMERS IN COMMODITY FUTURES TRADING COMMISSION FRAUD ACTION Mark Ross Weinberg Also Ordered to Pay $1.26 Million Civil Penalty; 4822-03, July 23, 2003   Order
  • CFTC SETTLES FRAUD CHARGES WITH CALIFORNIA RESIDENT MICHAEL INGWERSON; 4818-03, July 14, 2003   Order
  • GEORGIA FEDERAL COURT ORDERS INFINITE TRADING GROUP, LLC DEFENDANTS TO REPAY DEFRAUDED INVESTORS NEARLY $220,000 IN U.S. COMMODITY FUTURES TRADING COMMISSION ENFORCEMENT ACTION; Shawn Christie and Edward Lindsey Also Required to Pay $480,000 In Civil Penalties, 4817-03, July 10, 2003   Order
  • FEDERAL COURT ORDERS NEW YORK FOREIGN CURRENCY FIRM TO PAY OVER $100 MILLION IN U.S. COMMODITY FUTURES TRADING COMMISSION ANTI-FRAUD ACTION; International Financial Services (New York) Inc. Ordered to Pay Civil Penalties and Repay Customers, 4816-03, July 10, 2003  Order
  • CALIFORNIA COURT SANCTIONS FOREIGN CURRENCY (FOREX) FIRM ACRO INFORMATION SERVICE, INC. AND ITS EMPLOYEES FOR FRAUD AND ILLEGAL COMMODITY FUTURES TRADING, 4815-03, July 9, 2003
    Chan Order   Wai Order
  • THE U.S. COMMODITY FUTURES TRADING COMMISSION PREVAILS AGAINST FLORIDA RESIDENTS AND THEIR THREE COMPANIES; Court Orders Defendants Bernard Sevilla, Staci Petok, Jack Pomeroy, First Bristol Group, Inc., Alliance Equity Group, Inc., and Great Minster Group, Inc., to Repay More Than $450,000 to Investors and to Pay Contingent Civil Penalties Totaling $1,920,000 for Fraud Claims, 4813-03, July 8, 2003
    Bernard Sevilla Order
    Alliance Equity Group, Inc. Order
    Great Minster Group, Inc. Order
    Staci Petok Order
    First Bristol Group, Inc. Order
    Jack Pomeroy Order
  • THE U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES COLORADO MAN AND HIS FIRM, Qi2 TECHNOLOGIES, WITH INTERNET FRAUD; Company Website Marketed to the Public a Trading Manual Entitled, How I Double My Money Annually In The Market, 4812-03, July 3, 2003   Complaint
  • THE U.S. COMMODITY FUTURES TRADING COMMISSION FILES AND SETTLES ENFORCEMENT ACTION INVOLVING TENNESSEE COMMODITY TRADING ADVISOR TERRY EDWARD JONES; Jones Touted Hypothetical Trading Results as Real, 4811-03, July 3, 2003   Order
  • CFTC FILES FRAUD CHARGES AGAINST A NORTH CAROLINA FOREIGN CURRENCY TRADER AND HIS FIRM, WHO SOLICITED $1.2 MILLION FROM RETAIL INVESTORS; CFTC Alleges that Defendants James Darren Moore and JDM Investments Concealed Trading Losses of Almost $500,000 by Issuing False Account Statements to Customers, 4810-03, July 3, 2003   Complaint Order
  • CFTC FILES AND SETTLES CLAIMS AGAINST FLOOR BROKER MICHAEL H. VARNER; CFTC Orders Varner to Pay Civil Penalty and Prohibits Him from Trading for Customers for Five Years, 4809-03, July 3, 2003   Order
  • CFTC FINDS THAT FLORIDA RESIDENTS FRAUDULENTLY MARKETED A COMMODITY FUTURES TRADING METHOD ON E-BAY, 4807-03, July 1, 2003   Gudino Order   Ebaugh Order
  • FEDERAL COURT ORDERS LOS ANGELES FOREIGN CURRENCY FIRMS AND THEIR PRESIDENT TO PAY $759,956 IN CFTC ACTION; Rego Gainer Financial, Inc., Rego Gainer, Inc. and Kwok Lun Lam Ordered to Pay Restitution and Civil Penalties, 4805-03, June 26, 2003   Order
  • CFTC CHARGES FUTURES BROKER AND ITS CHAIRMAN WITH FAILURE TO RETAIN RECORDS; CFTC Alleges Professional Market Brokerage, Inc. and Huaya Lu Tung Abandoned Required Records, 4804-03, June 26, 2003   Complaint
  • FLORIDA FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH FRAUD FOR INTERNET SWINDLE; CFTC Files Action Against Giovanni Fleury Investments, Inc. of Sunrise, Florida, and Owner Giovanni Fleury, 4803-03, June 26, 2003   Complaint Order
  • CFTC CHARGES CALIFORNIA BOILER ROOM, BRITISH CAPITAL GROUP AND ITS PRESIDENT, WITH DEFRAUDING CUSTOMERS IN FOREIGN CURRENCY (FOREX) SCAM; Complaint Charges British Capital Group and Michael Zelener With Fraudulently Soliciting Approximately $4 Million From Over 200 Customers, 4802-03, June 25 2003   Complaint Order
  • CFTC ACCEPTS OFFER OF SETTLEMENT AGAINST A.G. EDWARDS & SONS, INC.; CFTC Orders A.G. Edwards & Sons, Inc., to Pay a Civil Penalty of $45,000, 4801-03, June 25 2003   Order
  • CFTC FILES ACTION AGAINST LOS ANGELES, CALIFORNIA, FOREIGN CURRENCY (FOREX) TRADING FIRM AND ITS OWNER; Commission Finds that Respondents Reliant Global Markets, LLC and Maria Cecille Maristela Offered Illegal Foreign Currency Futures Contracts to Retail Customers; As Part of a CFTC Settlement, Respondents Are Prohibited from Trading for Two Years, 4799-03, June 19 2003   Order
  • CFTC CHARGES FLORIDA COMPANY AND RESIDENTS WITH DEFRAUDING CUSTOMERS IN FOREIGN CURRENCY OPTIONS SCAM; CFTC Alleges that Thomas Dooley, Inc. and Michael O'Keefe Supposedly Solicited Customer Funds for Trading Purposes, But Instead Used the Funds for Business and Personal Expenses, 4798-03, June 18 2003   Complaint
  • CFTC FINDS COFFEE TRADER DEIRDRE ANDERSON CONDUCTED FRAUDULENT TRADING SCHEME AND MANAGERS FAILED TO PROPERLY SUPERVISE HER; Anderson and George Lamborn of New York and Richard Lani of New Jersey Are Sanctioned, 4797-03, June 18, 2003   Order
  • CFTC SETTLES FOREIGN CURRENCY FRAUD CHARGES WITH TEXAS RESIDENT AND HIS TWO COMPANIES; Court Orders Defendants John A. Wheeler, Long Point Investments, LLC and CDM Technologies, LLC to Pay $23 Million to Investors, 4796-03, June 16, 2003   Order
  • CFTC SETTLES FRAUD ACTION WITH CALIFORNIA RESIDENT CHRISTIAN WEBER; Federal Court Orders Huntington Beach, California, Man to Repay Over $2 Million to Customers from Australia, New Zealand, and the United States, 4795-03, June 16, 2003   Order
  • CFTC FINDS THAT MISSISSIPPI RESIDENT Michael Gene Pate AND HIS FOREIGN CURRENCY FIRM, American FX, LLC, SOLICITED CUSTOMERS FRAUDULENTLY, 4794-03, June 11, 2003   Order
  • CFTC SETTLES OPTIONS FRAUD CHARGES WITH CALIFORNIA DEFENDANT; Beverly Hills Resident Ronald G. Scott Permanently Barred From Trading Commodity Futures and Options; Court Orders Scott to Make Refunds to Customers and Pay a Civil Penalty, 4793-03, June 11, 2003   Order
  • CFTC ACCEPTS OFFER OF SETTLEMENT AGAINST CHICAGO FUTURES FIRM AND ITS PRESIDENT; CFTC Orders Robbins Futures, Inc. and Joel Robbins to Pay Civil Penalty of $120,000 and to Cease and Desist from Future Violations, 4791-03, June 3, 2003   Order
  • CFTC SUSPENDS NYBOT FLOOR BROKER FOR UNLAWFULLY TRADING COFFEE FUTURES CONTRACTS; In Settling Charges Against Trader Brian Thornton, CFTC Finds That Thornton Engaged in Fraud, Bucketing of Customer Orders, Reporting Non-Bona Fide Prices, Noncompetitive Trading, Wash Sales, and Accommodation Trades, 4790-03, May 29, 2003   Order
  • COMMODITY SOFTWARE VENDOR CHARGED WITH VIOLATING CFTC ORDER; Defendant Richard Swannell Sold His Elliott Wave Analyzer Software Programs Through His Website, 4789-03, May 21, 2003   Complaint
  • CFTC CLAIMS MCGRAW-HILL COMPANIES FLOUTED FEDERAL AGENCY SUBPOENAS; Commodity Regulator Asks US District Court for Order Requiring McGraw-Hill To Provide Documents Demanded By Energy Investigation Subpoenas, 4788-03, May 20, 2003   Memo Order
  • PORTLAND, OREGON, FOREIGN CURRENCY FIRM, ITS PRESIDENT, AND OTHERS CHARGED WITH STEALING MORE THAN $9 MILLION IN CUSTOMER FUNDS; CFTC Obtains Federal Court Order Freezing Assets of Orion International, Inc. and Several Individuals; Defendants Allegedly Fraudulently Solicited at Least $27 Million from Customers, 4787-03, May 14, 2003   Complaint Order
  • CFTC CHARGES REDONDO BEACH, CALIFORNIA COMMODITY TRADING ADVISOR WITH FRAUD , 4786-03, May 14, 2003   Complaint
  • TEXAS COMMODITY TRADER SETTLES CFTC CHARGES OF DEFRAUDING CUSTOMERS AND STEALING CUSTOMER FUNDS; CFTC Order Requires That Garland Resident Dewey V. Wiles Pay Restitution to Customers, 4785-03, May 7, 2003   Order
  • FLORIDA MAN FOUND IN CIVIL CONTEMPT OF PAYMENT ORDER IN CFTC ANTI-FRAUD ACTION; Federal Court Orders Marc Wuensch to Pay $250,000 Now, Followed by Monthly Payments of $1,500, to Avoid Prison, 4784-03, May 7, 2003   Order   Report
  • CFTC REVOKES REGISTRATIONS OF TWO INDIANA BROKERS, 4783-03, May 7, 2003
    Johnson Notice   Miller Notice   Johnson Settlement   Miller Settlement  
  • FLOOR BROKERS SETTLE CHARGES OF UNLAWFULLY TRADING CATTLE FUTURES; CFTC Finds that Ronald M. Schiller, aided by Eugene J. Chesrow, Engaged in a Wide Variety of Trading Schemes that Cheated Customers, 4782-03, May 1, 2003   Order
  • CFTC CHARGES ST. PETERSBURG, FLORIDA, COMPANY AND RESIDENT WITH DEFRAUDING CUSTOMERS IN FOREIGN CURRENCY (FOREX) OPTIONS SCAM, 4781-03, April 29, 2003   Complaint
  • CFTC SETTLES RECORDKEEPING CHARGES WITH CARR FUTURES INC.; CFTC Alleges that Carr Futures Failed to Retain and Produce Cancelled and Unfilled Floor Orders, 4780-03, April 29, 2003   Order
  • S&P TRADER BRIAN RAY CHARGED WITH FRAUD, 4779-03, April 29, 2003   Complaint
  • WALL STREET UNDERGROUND, INC. AND OTHERS CHARGED WITH FRAUDULENTLY PROMOTING COMMODITY TRADING SYSTEMS; CFTC Charges Kansas City Commodity Promoters With Making False Claims and Guarantees to Customers; At Least 1000 People Invested in the Multimillion-Dollar Scam, 4778-03, April 25, 2003   Complaint   Order
  • CALIFORNIA COMPANY AND TWO CALIFORNIA RESIDENTS CHARGED WITH COMMODITY POOL FRAUD; CFTC Charges California Corporation and Two Employees With Fraud in Commodity Investment Scam, 4777-03, April 21, 2003   Complaint
  • FEDERAL COURT ORDERS GEORGIA FOREIGN CURRENCY FIRM AND ITS PRESIDENT TO REPAY CUSTOMERS IN CFTC FRAUD ACTION; Infinite Trading Group, LLC. and Anthony Garcia Also Ordered to Pay $660,000 Civil Penalty  Order
  • CHICAGO MAN ORDERED TO PAY PENALTY FOR FRAUDULENTLY PROMOTING A COMMODITY TRADING SYSTEM  Order
  • GEORGIA FEDERAL COURT ORDERS ATLANTA FOREIGN CURRENCY FIRM AND ITS CHIEF EXECUTIVE OFFICER TO PAY BACK $662,000 TO DEFRAUDED INVESTORS; Order Also Imposes Civil Penalty of $1.7 Million On Samuel Daley and Advent Capital Partners, Ltd., 4774-03, April 14, 2003  Complaint  Order
  • CFTC OBTAINS FEDERAL COURT ORDER FREEZING ASSETS OF DEFENDANT U.S. SECURITIES & FUTURES CORP., 4773-03, April 9, 2003  Complaint  Order
  • NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH DEFRAUDING 230 INVESTORS OF $6.4 MILLION; CFTC Charges Holston, Young, Parker & Associates, Conetto Holding Company, Ltd, and Holsten's President With Commodity Scam Using Offshore Banks, 4771-03, April 8, 2003  Complaint
  • SAN FRANCISCO FOREIGN CURRENCY FIRM AND ITS PRESIDENT CHARGED WITH DEFRAUDING 200 CUSTOMERS; CFTC Obtains Federal Court Order Freezing Assets of Defendants DBS Capital Inc. and Douglas Stevens, 4770-03, April 8, 2003  Complaint  Order
  • CFTC SETTLES FOREIGN CURRENCY FRAUD CHARGES WITH CALIFORNIA AND OHIO RESIDENTS; Federal Court Orders Five Defendants To Pay $3.5 Million To Customers in Australia, New Zealand, and the United States, 4769-03, April 3, 2003.  Heyburn/Moore Order  Lakin Order  Nafeiy Order  Rozillio Order
  • CFTC SETTLES FRAUD ACTIONS AGAINST THREE DEFENDANTS INVOLVED WITH INDIANA COMMODITY POOL; Court Orders Defendants David G. Johnson, Thomas T. Miller and Geoffrey M. Eltzroth to Pay More Than $11 million for Their Violations Arising from a Ponzi Scheme, 4768-03, April 2, 2003.  Eltzroth Order  Johnson Order  Miller Order
  • UTAH MAN CHARGED WITH DEFRAUDING CUSTOMERS OF MORE THAN $300,000 IN FOREIGN CURRENCY (FOREX) TRADING SCHEME; CFTC Obtains Federal Court Order Freezing Assets of Defendants Bryan Hawker and G, Hawker & Stone, LLC, 4767-03, March 27, 2003.  Complaint  Order
  • CFTC SUES NATURAL GAS TRADER FOR FRAUD; Christopher Chapman Ordered to Pay $240,000 in Penalties, Among Other Sanctions, 4766-03, March 26, 2003.  Order
  • EL PASO TRADING UNIT AGREES TO PAY $20 MILLION TO SETTLE CFTC CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; El Paso Merchant Energy, L.P. Settles Claims Under the Commodity Exchange Act That It Intentionally Reported False Natural Gas Price and Volume Information to Energy Reporting Firms in an Attempt to Affect Prices of Natural Gas Contracts, 4765-03, March 26, 2003.  Order
  • MICHIGAN MAN ORDERED TO PAY $6.3 MILLION TO CUSTOMERS DEFRAUDED IN COMMODITY FUTURES INTERNET SCAM; Federal Court Orders Defendants to Refund Investments to 900 Customers, 4764-03, March 20, 2003.  Order
  • CFTC CHARGES ENRON WITH PRICE MANIPULATION AND OTHER ILLEGAL ACTS; Enron and Former Enron Vice President Charged With Manipulating Prices in Natural Gas Market; Enron Charged Further With Operating an Illegal, Undesignated Futures Exchange and Offering Illegal Lumber Futures Contracts Through Its Internet Trading Platform.  Complaint
  • CALIFORNIA FIRM AND ITS TWO PRINCIPALS CHARGED WITH FOREIGN CURRENCY (FOREX) SWINDLE; Government Files Lawsuit Against EuroBancorp, Inc., Paris DeLesseppes, and John Lassen for Fraud; Further Charges are Brought Against EuroBancorp and Global Interbank, Inc. for Offering and Selling Illegal, Off-Exchange Foreign Currency Futures Contracts, 4756-03, February 13, 2003.  Complaint  Order
  • SOUTHERN CALIFORNIA FOREIGN CURRENCY (FOREX) OPERATORS CHARGED WITH FRAUD; Local Foreign-Language Newspapers and Internet Used to Advertise Scam, 4755-03, February 13, 2003.  Complaint  Order
  • FLORIDA FOREIGN CURRENCY FIRM AND OTHERS CHARGED WITH FRAUD; CFTC Obtains Federal Court Order Freezing Assets of Defendants InterTrade Forex, Inc., Stanley Craig Wakefield and Pritesh Patel, 4753-03, February 11, 2003.  Complaint  Order
  • TEXAS RESIDENT CHARGED WITH SWINDLING MILLIONS FROM INVESTORS AND SPENDING MONEY ON GAMBLING, JEWELRY, AND AUTOMOBILES; CFTC Charges John A. Wheeler and His Companies with Fraudulent Solicitation and Misappropriation in Connection with Purported Foreign Currency Trading; Court Enters Preliminary Injunction Against Defendants, Freezing Their Assets, Among other Sanctions, 4750-03, February 5, 2003.   Complaint
  • FLOOR BROKER SETTLES CHARGES OF UNLAWFULLY TRADING COFFEE FUTURES; CFTC Finds that Ronald Kilbride Engaged in Fraud, Bucketing of Customer Orders and Reporting Non-Bona Fide Prices, Noncompetitive Trading, Wash Sales and Accommodation Trades, 4749-03, February 4, 2003.   Order
  • WORLD-WIDE CURRENCY SERVICES CORP. AND OTHERS CHARGED WITH DEFRAUDING CUSTOMERS IN CURRENCY SCAM; CFTC Also Charges World-Wide Director Gennady (George) Spivak and Salesman Ellison Ken Morris with Defrauding Customers in Foreign Currency (FOREX) Futures Trading, Misappropriating Customer Funds, and Operating and Illegal FOREX Futures Business, 4743-03, January 23, 2003.   Complaint
  • FLORIDA FIRM, INVESTORS FREEDOM CLUB, L.C. AND OTHERS, CHARGED WITH SOLICITING OVER $1.5 MILLION FROM CUSTOMERS IN FOREIGN CURRENCY (FOREX) FUTURES FRAUD; Government Obtains Federal Court Order Freezing Assets of Defendants Investors Freedom Club, L.C., William Folino, George Belanger, and Relief Defendant Tina Folino, 4742-03, January 23, 2003.  Complaint  Order
  • FLORIDA FEDERAL COURT REQUIRES CHIEF INVESTMENT OFFICER TO PAY $16 MILLION IN RESTITUTION TO DEFRAUDED SUNSTATE FX INC. INVESTORS IN CFTC ENFORCEMENT ACTION, 4740-03, January 21, 2003.   Order
  • MICHIGAN RESIDENT STEPHEN PIERCE SETTLES CFTC ACTION CHARGING INTERNET FRAUD VIOLATIONS; CFTC Order Requires Pierce To Pay A Civil Monetary Penalty and Comply with Undertakings, 4739-03, January 21. 2003.   Order
  • CHICAGO MAN CHARGED WITH FRAUDULENTLY PROMOTING HIS COMMODITY TRADING SYSTEM; CFTC Alleges Gregory Elliott (d/b/a Softrade, Inc.) Made False Claims Concerning Profits Generated by His Commodity Trading System, 4738-03, January 21, 2003.  Complaint
  • NEW YORK FOREIGN CURRENCY FIRM CHARGED WITH FRAUDULENTLY SOLICITING RETAIL CUSTOMERS OVER THE INTERNET TO INVEST IN ILLEGAL, OFF-EXCHANGE FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges Rouslan Tambiev and Tamb International, Inc., Both Located in Queens, New York, With Fraud, 4737-03, January 14, 2003.  Complaint
  • CFTC SETTLES ACTION AGAINST HEDGE FUND AND SUSPENDS ITS REGISTRATIONS; Beacon Hill Asset Management, LLC Agrees to Suspension of Registrations, 4734-03, January 7, 2003.  Order  Notice
  • CFTC REVOKES MICHIGAN COMMODITY TRADING ADVISOR'S REGISTRATIONS, 4733-03, January 7, 2003.  Order  Notice
  • CFTC SETTLES ENFORCEMENT ACTION AGAINST FLORIDA FIRM AND ITS OWNER; FIRM USED FRAUDULENT SCHEME TO SOLICIT OVER $400,000 FROM UNSOPHISTICATED INVESTORS; $K's Forex International, Inc., a Florida Firm d/b/a SK's Forex International, Inc., and Elizabeth Miskus Kemp, Found to Have Operated Illegal Foreign Currency (FOREX) Futures Trading Firm and to Have Misappropriated Customer Funds, 4732-03, January 6, 2003   Order

2002

  • CFTC CHARGES CHICAGO FUTURES FIRM AND ITS PRESIDENT WITH FAILURE TO SUPERVISE; Robbins Futures, Inc. and Joel Robbins Ignored Signs of Ponzi Scheme, 4731-02, December 30, 2002   Complaint
  • CFTC SUES LAS VEGAS MAN FOR FRAUDULENTLY PROMOTING HIS COMMODITY TRADING METHOD; CFTC Alleges Charles Cox Made False Claims Concerning Profits Generated by His Commodity Trading Method, 4730-02, December 24, 2002  Order
  • CFTC SETTLES COMMODITY FRAUD ACTION AGAINST MARYLAND MAN AND FIRM; District Court Orders Defendants Peter Scott and Rothlin & Windsor Capital Management, Inc. to Pay $13.9 Million in Restitution and Civil Monetary Penalties, 4729-02, December 23, 2002  Order
  • DYNEGY MARKETING AND TRADE AND WEST COAST POWER LLC PAY $5 MILLION TO SETTLE CFTC CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING; Energy Companies Settle Claims Under the Commodity Exchange Act That They Intentionally Reported False Natural Gas Price and Volume Information to Energy Reporting Firms in an Attempt to Affect Prices of Natural Gas Contracts, 4728-02, December 19, 2002  Order
  • COMMODITY FUTURES TRADER CHARGED WITH $1.5 MILLION FRAUD; U.S. GOVERNMENT AND UTAH ATTORNEY GENERAL ALLEGE FRAUD AND THEFT BY DECEPTION; Federal Court Freezes Assets and Bars the Destruction of Books and Records, 4726-02, December 12, 2002  Complaint
  • CFTC FINDS COMEX FLOOR BROKERS HENRY CHANDLER AND ERNEST PENNY COMMITTED FRAUD IN EXECUTING GOLD OPTIONS TRADES, AND FIVE OTHER FLOOR BROKERS ENGAGED IN NONCOMPETITIVE TRADING, AMONG OTHER VIOLATIONS OF THE FEDERAL COMMODITIES LAWS; CFTC Accepts Offers of Settlement from Henry Chandler, Robert Ferraioli, Michael Hammer, Ernest Penny, Tacho Sandoval, William Wosnack, and Stephen Seelenfreund, 4725-02, December 12, 2002  Order
  • CFTC SUES IDAHO MAN FOR FRAUDULENTLY PROMOTING HIS COMMODITY TRADING SYSTEM; CFTC Alleges John Stenberg Made False Claims Concerning Profits Generated by His Commodity Trading System, 4722-02, November 7, 2002   Order
  • NEW YORK FLOOR BROKER SETTLES CFTC ACTION CHARGING RECORDKEEPING VIOLATIONS; CFTC Order Requires Daniel Lipton to Pay A Civil Monetary Penalty and Restricts His Registration for Two Years, 4719-02, October 28, 2002   Order
  • FLORIDA COURT FINDS TWO FLORIDA RESIDENTS AND THEIR FIRM COMMITTED COMMODITIES FRAUD; Defendants Matrix Trading Group, Inc., David Wedeen, and Christopher Smithers Are Ordered to Pay Restitution to Victims and Are Permanently Banned from All Commodity-Related Activity in CFTC Action, 4716-02, October 24, 2002  Order
  • MICHIGAN COMMODITY TRADER SETTLES CFTC COMPLAINT CHARGING COMMODITY POOL FRAUD; Consent Order Finds that John F. O'Herron and O'Herron Asset Management, Inc. Fraudulently Diverted Approximately $1.4 Million of Investor Funds for Their Own Use, 4713-02, October 16, 2002  Order
  • WASHINGTON STATE COMMODITY TRADING FIRM CHARGED WITH FRAUD IN THE SOLICITATION OF FOREIGN CURRENCY (FOREX) FUTURES ACCOUNTS; Defendant Sterling forex Lost $1.8 Million in Customer Investments, 4711-02, October 10, 2002  Complaint  Order
  • PRUDENTIAL SECURITIES, INC. SETTLES CFTC RECORDKEEPING CHARGES; CFTC Orders Prudential Securities, Inc. to Pay $65,000 Civil Monetary Penalty, 4710-02, October 9, 2002  Order
  • FLORIDA RESIDENT BARRED FROM COMMODITY TRADING IN GOVERNMENT ACTION ; Defendants in CFTC Case Used Approximately $1 Million of Customer Funds to Pay Personal Expenses, 4709-02, October 8, 2002  Order
  • CFTC SETTLES ENFORCEMENT ACTION AGAINST FLOOR BROKER CHARGED WITH UNLAWFULLY TRADING COFFEE FUTURES; John Joyce Is Suspended For Three Months and Ordered to Pay $25,000 Penalty, 4708-02, October 8, 2002  Order
  • SISTER OF A FORMER EMPLOYEE OF A CHICAGO COMMODITY FIRM AGREES TO TURN OVER MONEY HER BROTHER GAVE HER AS PART OF HIS FRAUDULENT SCHEME; CFTC Also Obtains Default Judgment Against Other Remaining Relief Defendants, 4705-02, September 26, 2002  Hayes Consent  Thomas Judgment
  • TWO TEXAS MEN SETTLE FEDERAL CHARGES OF FRAUDULENT COMMODITY SCHEME; CFTC Imposed Penalties and Trading Bans, 4704-02, September 25, 2002  Settlement
  • FLORIDA RESIDENT CHARGED WITH SWINDLING AT LEAST $10.6 MILLION FROM INVESTORS AND SPENDING MONEY ON LAS VEGAS JUNKETS, AIRPLANE CHARTERS, HOMES, AND AUTOMOBILES; CFTC Charges Donald C. O'Neill and His Companies with Fraudulent Solicitation and Misappropriation in Connection With Purported Foreign Currency Hedge Funds, 4703-02, September 19, 2002  Complaint  Order
  • ATLANTA INVESTMENT FIRM AND ITS CHIEF EXECUTIVE OFFICER CHARGED WITH SOLICITING OVER $400,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; Government Obtains Federal Court Order Preventing Defendants from Offering Illegal FOREX Contracts and Freezing Assets of Defendants Advent Capital Partners, Ltd. and Samuel Daley 4697-02, September 13, 2002  Complaint  Order
  • FORMER EMPLOYEE OF AVISTA ENERGY, INC. SETTLES MANIPULATION CHARGES; CFTC Orders Robert Kristufek To Pay $155,000 Civil Monetary Penalty and Imposes Two-Year Trading Ban 4696-02, September 12, 2002   Order
  • ILLINOIS MAN AND HIS FIRM CHARGED WITH SWINDLING OVER $1.4 MILLION IN COMMODITY FRAUD; CFTC Charges John Martin Lofgren and Melrose Asset Management With Fraud 4695-02, September 4, 2002  Complaint  Order
  • CALIFORNIA DEFENDANTS SETTLE CFTC COMPLAINT ALLEGING COMMODITY OPTIONS FRAUD; Madison Financial Group, LLC, and Its President and a Principal, Richard A. Cohen, Are Permanently Barred From Trading Commodity Futures and Options 4694-02, September 4, 2002  Order
  • GEORGIA CORPORATION AND TWO INDIVIDUALS CHARGED WITH FRAUDULENTLY OFFERING ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Obtains Federal Court Order Freezing Assets of Global Financial Consulting, Inc., Wook Hyun Kim, and Chang H. Lee 4693-02, September 3, 2002  Complaint  Order
  • SOUTHERN CALIFORNIA FOREIGN CURRENCY TRADING OPERATORS CHARGED WITH SELLING ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES: CFTC Charges Nawab Ali Khan Ali, Mega Trend 2000, Inc., Sterling FX International LLC, and Roger Barreto, All Operating Out of Glendale, California 4692-02, September 3, 2002  Complaint  Order
  • FLORIDA RESIDENTS AND THEIR COMPANIES CHARGED WITH MISAPPROPRIATING CUSTOMER FUNDS IN FOREIGN CURRENCY (FOREX) FUTURES SCAM: CFTC Charges First Bristol Group, Inc., Alliance Equity Group, Inc., Centurion Financial Group, LC, and Great Minster Group, Inc., Staci Lee Petok, Bernard Justin Sevilla, Jack Martin Pomeroy, and Michael Desmond Biggs With Fraud 4691-02, August 29, 2002  Complaint  Order
  • UTAH COMPANY AND FOUR UTAH RESIDENTS CHARGED WITH COMMODITY POOL FRAUD; CFTC Alleges Gahma Corporation, John Garrett, Allen Andersen and Robert Heninger Fraudulently Solicited at Least $700,000 from Individuals to Trade Commodity Futures Contracts; CFTC Also Charges Stephen Brockbank, an Advisor to the Pool, with Fraud; This is the Second Fraud Action Filed by the CFTC Against Brockbank 4690-02, August 15, 2002  Complaint
  • Minnesota Federal Court Preliminarily Enjoins Foreign Currency Fraud: Defendants Sovereign Resource Management, Inc., Ken Mitra, Virgil Smith and Anthony Heppner Ordered to Account for Investor Funds 4689-02, August 8, 2002  Order
  • FEDERAL COURT APPOINTS RECEIVER TO TAKE CONTROL OF ASSETS OF MICHIGAN ATTORNEY IN COMMODITIES FRAUD CASE; The CFTC Charged Defendant Charles Mady with Issuing False False Account Statements to Hide Mounting Commodity Trading Losses and Misappropriating Investor Funds 4686-02, August 5, 2002  Order
  • CFTC CHARGES MICHIGAN RESIDENT WITH INTERNET FRAUD AS PART OF FEDERAL 'NETFORCE' INITIATIVE; Complaint Alleges Fraudulent Promotion of Internet Trading System, 4683-02, July 30, 2002  Complaint
  • CFTC FINES FORMER TRADING ADVISOR FOR HIS ROLE IN MULTI-MILLION DOLLAR FRAUDULENT ALLOCATION SCHEME; Michael Skrable Agrees to Be Prohibited From Trading and From Registration 4682-02, July 29, 2002 Order
  • CFTC ISSUES ORDER SUSPENDING AND RESTRICTING FLOOR BROKER'S REGISTRATION BASED ON EXCHANGE DISCIPLINARY PROCEEDINGS, 4680-02, July 29, 2002 Order
  • FLORIDA FEDERAL COURT ENJOINS RECIDIVIST IN ACTION ALLEGING HE MISAPPROPRIATED AT LEAST $1 MILLION IN CUSTOMER FUNDS AND VIOLATED A PRIOR FEDERAL COURT ORDER; Consent Order issued by United States District Court in Florida Enjoins Defendants Thomas D. Chilcott and Leona Westbrook from, among other things, Committing Fraud and also Permanently Bars Defendants from Commodity Trading, 4679-02, July 25, 2002 Order
  • GRENADIAN COMPANY, A CANADIAN CITIZEN, AND TWO MINNESOTA RESIDENTS CHARGED WITH COMMODITY POOL FRAUD; CFTC Alleges that Sovereign Resource Management, Inc., Ken Mitra, Virgil E. Smith, and Anthony J. Heppner Fraudulently Solicited Individuals to Trade Foreign Currency Futures Contracts and Misappropriated Over $600,000 of Investors' Funds, 4677-02, July 24, 2002   Complaint | Order
  • CFTC SUSPENDS TWO FLOOR BROKERS FOR UNLAWFULLY TRADING COFFEE FUTURES CONTRACTS; In Settlement, Joseph Defrancesco Found to Have Engaged in Fraud, Bucketing of Customer Orders, and Reporting Non-Bona Fide Prices, and Marc Greenstein Found to Have Engaged in Noncompetitive Trading, Wash Sales, and Accommodation Trades, 4676-02, July 23, 2002 Order
  • NEW YORK FOREIGN CURRENCY FIRMS CHARGED WITH FRAUDULENTLY SOLICITING OVER $15 MILLION FROM AS MANY AS 400 CUSTOMERS NATIONWIDE TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Obtains Federal Court Order Freezing Assets of Defendants International Financial Services (New York), Inc., International Financial Services (New York), LLC, John Walker Robinson, and Chan Kow Lai, 4675-02, July 22, 2002, Complaint | Order
  • FLORIDA DEFENDANTS SETTLE CFTC COMPLAINT ALLEGING FOREIGN CURRENCY (FOREX) OPTIONS FRAUD; International Currency Strategies, Inc., Strategic Trading Group, Inc., Fairfield Currency Group, Inc., and Their Officers - Daniel Phillips and Valentin Fernandez - Are Permanently Barred From Trading Commodity Futures and Options ICS Order | Fairfield Order | Strategic Order
  • COFFEE COMMODITY TRADERS BRUCE MILLER AND DEIRDRE ANDERSON CHARGED WITH FRAUDULENT TRADE ALLOCATION SCHEME; George Lamborn and Richard Lani Sr. Alleged To Have Failed to Diligently Supervise Miller and Anderson’s Trading; CSCE Floor Brokers, Daniel Lipton and Kenneth Lawson, Charged With Failing to Obtain Required Customer Account Identification, 4671-02, July 15, 2002, Complaint
  • FLORIDA WOMAN AND COMPANY SETTLE CFTC CHARGES ALLEGING THEY FRAUDULENTLY MARKETED COMMODITY TRADING SYSTEMS; CFTC Imposed Trading Bans and Penalties on Bernadette Flavell and Systems of Success – Window to Profit (SOS), 4668-02, July 11, 2002, Order
  • SIX COFFEE, SUGAR & COCOA EXCHANGE FLOOR BROKERS CHARGED BY CFTC WITH UNLAWFULLY TRADING COFFEE FUTURES; Carmelo Contrino, Robert Disarro, Joseph Gugliaro, and Persio Paulino Charged with Fraud, Bucketing of Customer Orders, Wash Sales and Accommodation Trades, Non-Competitive Trading, and Reporting Non-Bona Fide Prices; William Overland and John Joyce Charged with Wash Sales and Accommodation Trades, Non-Competitive Trading, and Reporting Non-Bona Fide Prices, 4667-02, July 9, 2002 Complaint
  • CALIFORNIA COMMODITY TRADER CHARGED WITH UNAUTHORIZED TRADING, UNLAWFULLY OPERATING A COMMODITY POOL AND ILLEGALLY MANAGING TRADING ACCOUNTS; CFTC Files Complaint Against Donald Steven Smith and His Company, Fibit.com, in Federal District Court, 4660-02, June 24, 2002 Complaint
  • FLORIDA MAN SETTLES CHARGES ALLEGING HE FRAUDULENTLY MARKETED COMMODITY TRADING SYSTEMS; CFTC Bars Kevin Kates From Trading, 4657-02, June 17, 2002 Order
  • MICHIGAN ATTORNEY CHARGED WITH $6 MILLION COMMODITIES FRAUD; Federal Government Alleges that Charles Mady Issued False Account Statements to Hide Mounting Commodity Trading Losses and Misappropriated Over $1 Million, 4655-02, June 12, 2002 Complaint | Order
  • MARYLAND MAN AND FIRM SETTLE CHARGES OF FRAUD WITH CFTC; Consent Order issued by District Court Enjoins Defendants Peter Scott and Rothlin & Windsor Capital Management, Inc. from Committing Fraud and also Permanently Bars Defendants from trading in futures and options, 4654-02, June 12, 2002 Order
  • FLORIDA, LOUISIANA AND GEORGIA FIRMS CHARGED WITH FRAUDULENTLY SOLICITING OVER $1,000,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) OPTION CONTRACTS; Government Obtains Federal Court Order Freezing Assets of 19 Individuals and Companies; Related Action Also Filed by Louisiana Attorney General, 4652-02, June 10, 2002. Offshore Complaint | Offshore Order
  • COMMODITY FUTURES TRADING COMMISSION FILES FEDERAL ACTION AGAINST FLORIDA MAN FOR PROVIDING FALSE INFORMATION RELATED TO HIS $6.8 MILLON SETTLEMENT WITH THE COMMISSION; Federal Court Freezes Assets, Books and Records of Defendant David Alan Luger, 4651-02, June 5, 2002. Luger Complaint | Luger Order
  • CFTC SETTLES WASH SALES CHARGES AGAINST TEXAS BROKER RONALD ROESLER AND ILLINOIS BROKER DAVID JANSON ARISING OUT OF USDA DAIRY OPTIONS PILOT PROGRAM; 4645-02, May 22, 2002. Roesler Order | Janson Order
  • FLORIDA FEDERAL COURT REQUIRES DEFENDANTS MICHAEL A. DIPPOLITO; MAD, INC.; AND CTU, INC. TO PAY RESTITUTION TO DEFRAUDED CUSTOMERS IN CFTC ENFORCEMENT ACTION; Court's Order Also Bars Defendants From Further Fraudulent Conduct and From Trading Commodity Futures or Options, 4641-02, May 15, 2002. MAD Order
  • TEXAS COMMODITY TRADER CHARGED WITH DEFRAUDING CUSTOMERS AND MISAPPROPRIATING CUSTOMER FUNDS; CFTC Charges Dewey V. Wiles and His Company, Futures Exchange Company, Inc., with Fraudulently Soliciting Funds to Trade Commodity Futures, 4639-02, May 8, 2002. Wiles Complaint
  • CFTC SETTLES FOREIGN CURRENCY FRAUD CASE AGAINST OHIO DEFENDANTS; CFTC Obtains Consent Orders Against International Monetary Group, Inc., Currency Management Group, Inc. and Their Officers - Anthony and Emido Dellarciprete and Jason Lemmon - Permanently Barring Them From Trading Futures and Options, 4638-02, May 7, 2002.

    International Monetary Group Order
    Jason Lemmon Order
    Emido Dellarciprete Order
    Currency Management Group, Inc Order
    Anthony Dellarciprete Order
  • CFTC CHARGES UTAH INVESTMENT FIRM WITH RUNNING A $14.7 MILLION FOREIGN CURRENCY (FOREX) PONZI SCAM; Federal Court Immediately Freezes Assets of 4NExchange, LLC, Paul Grant and Ronald Bassett In Related Action, 4636-02, May 2, 2002. 4NExchange Order
  • U.S. GOVERNMENT AGENCY SETTLES FRAUD CASE AGAINST GEORGIA COMMODITY TRADING ADVISOR WHO WAS A REPEAT OFFENDER; Defendant Ellery Coleman Ordered to Pay a Penalty of up to $170,000, 4634-02, April 29, 2002. Coleman Order
  • TEXAS COMMODITY BROKER COMMITTED SOLICITATION FRAUD; In CFTC Action, D. Michael Sheaves Fined $50,000 and Ordered to Pay Restitution for Fraudulently Failing to Advise Prospective Clients of Significant Trading Losses, 4633-02, April 23, 2002. Decision on Default
  • CFTC SETTLES COMMODITY FRAUD SOLICITATION CASE AGAINST CALIFORNIA TRADING SYSTEM DEVELOPER; Defendant Abdullah Alsafari Barred from Further Fraudulent Conduct in Violation of Federal Commodities Laws, 4629-02, April 9, 2002   Alsafari Order
  • FLORIDA COMMODITY TRADING SYSTEM DEVELOPER AND NEW YORK PUBLISHER SETTLE CFTC FRAUD ACTION; CFTC Finds that George Angell, TradeWins Publishing and its President, Stephen Schmidt, Fraudulently Marketed Commodity Trading System, 4628-02, April 4, 2002.   Angell Order | TradeWins Order
  • THREE FORMER EMPLOYEES OF CHICAGO COMMODITY FIRM SETTLE GOVERNMENT ACTION FOR FRAUDULENT TRADING; Defendants Martin Brown, Geoffrey S. Thompson, and Ydiyell Howard Prohibited From Trading in the Commodity Markets, 4626-02, April 2, 2002

    Brown Thompson Complaint
    Brown Thompson Attachment A
    Howard Consent Order
    King Consent Order
    Thompson Consent Order
    Brown Consent Order
  • CFTC SETTLES FRAUD ACTION AGAINST WEST VIRGINIA COMMODITY POOL OPERATOR; Defendants Robert L. Dormagen and Delta Financial Corporation Permanently Barred From Trading Futures or Options, 4624-02, March 21, 2002.  Dormagen Order
  • CFTC SETTLES CHARGES AGAINST MINNESOTA DEFENDANTS IN COMMODITY POOL FRAUD CASE; Leonard Nauman and His Two Companies, Pension America, Inc., and Futures Profit Making, LLC, Are Permanently Barred From Trading For Others, 4623-02, March 21, 2002.  Pension America Order
  • LOS ANGELES COMMODITY TRADER SETTLES CFTC FRAUD ACTION; Alfred Gladstone Ordered to Pay Up To $171,000 in Restitution and Civil Monetary Penalty Pursuant to Payment Plan and Agrees Never to Seek CFTC Registration, 4622-02, March 20, 2002.  Gladstone Order
  • CFTC FILES ENFORCEMENT ACTION AGAINST FOUR CSCE FLOOR BROKERS, CHARGING THEM WITH UNLAWFULLY TRADING COFFEE FUTURES; Joseph Defrancesco, Ronald Kilbride, and Brian Thornton Charged with Fraud, Bucketing of Customer Orders, and Reporting Non-Bona Fide Prices; Defrancesco, Kilbride, Thornton, and Marc Greenstein Also Face Charges of Noncompetitive Trading, Illegal Wash Sales, and Accommodation Trades, 4621-02, March 20, 2002.   Coffee Complaint
  • CALIFORNIA COMMODITY TRADER CHARGED WITH MISAPPROPRIATING MORE THAN $500,000 IN CUSTOMER FUNDS AND VIOLATING PRIOR COMMISSION ORDER; CFTC Charges Mark Ross Weinberg With Fraudulently Soliciting Funds to Trade Commodity Futures; Federal Court Freezes Assets and Bars Destruction of Books and Records, 4619-02, March 18, 2002  Weinberg Complaint | Weinberg Order
  • FLORIDA COMMODITY TRADER CHARGED WITH MISAPPROPRIATING AT LEAST $1 MILLION IN CUSTOMER FUNDS AND VIOLATING PRIOR FEDERAL COURT ORDER; CFTC Charges Thomas Chilcott, Ted Whidden, and Leona Westbrook With Fraudulently Operating Commodities Trading Business Known As Trade Master of Southwest Florida; Federal Court Freezes Assets and Bars Destruction of Books and Records, March 11, 2002  Chilcott Complaint | Chilcott Order
  • In the matter of George Angell.  Order Instituting Proceedings Pursuant to Sections 6(c) and 6(d) of the Commodity Exchange Act, Making Findings and Imposing Remedial Sanctions. CFTC Docket No. 02-08, March 6, 2002
  • CFTC CRACKS DOWN ON FOREIGN CURRENCY SCAMS NATIONWIDE; Nineteen Firms and Individuals Charged in Sweep With Selling Illegal Foreign Currency (Forex) Investments to the Retail Public; Actions Cap First Year of FOREX Initiative Using Reinforced Statutory Authority, February 27, 2002

    Rego Gainer Complaint
    Rego Gainer Order
    FX Advisors Complaint
    FX Advisors Order
    MAD Financial Complaint
    MAD Financial Order
    GCI Order
  • FORMER CHIEF OPERATING OFFICER OF A COMMODITY FIRM SETTLES CFTC ACTION CHARGING SUPERVISORY FAILURES; CFTC Finds That Mark Vaughn Failed To Supervise Diligently The Handling Of Foreign Customer Accounts, February 25, 2002 Vaughn Order
  • FLORIDA COMMODITY TRADING ADVISORS SETTLE CFTC FRAUD ACTION; Defendants Fred and Jeanne Monte Permanently Banned From Trading Futures or Options, February 12, 2002 Fred Monte | Jeanne Monte
  • COMMODITY TRADER AND TWO MICHIGAN COMPANIES CHARGED WITH $2.9 MILLION FRAUD; GOVERNMENT ALLEGES FICTITIOUS TRADING; Federal Court Freezes Assets and Bars the Destruction of Books and Records, February 11, 2002 Complaint | Statutory Restraining Order
  • NEW YORK COMMODITY BROKER CHARGED WITH ILLEGAL TRADING AND VIOLATION OF A COMMISSION ORDER; CFTC Alleges Branch Manager Patrick Ligammari Engaged in Non-Competitive Trading To Facilitate the Transfer of Over $300,000 Between Two Foreign Accounts, February 11, 2002 Complaint | Exhibit A - 1990 Order | Exhibit B
  • CFTC SETTLES CASE AGAINST CHICAGO FIRM AND ITS MANAGING DIRECTOR; CFTC finds that Excellent USA and John Gallwas Failed to Supervise the Handling of Foreign Omnibus Accounts; CFTC Revokes Registration of Excellent USA as a Result of the Criminal Conviction of One of its Principals, February 4, 2002 Excellent | Gallwas
  • Internet Trading System Promoter Charged With Commodity Fraud; CFTC Alleges Michael Radcliffe Made False Claims Concerning Profits Generated By His Commodity Trading System, 4597-02, January 15, 2002. Complaint

Updated July 23, 2003