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Showing posts from October 19, 2018

CFTC Wins Trial against Fraudster in Futures Markets

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. CFTC Wins Trial against Fraudster in Futures Markets A Colorado federal court entered final judgment ordering Defendant Gregory L. Gramalegui of Vail, Colorado, d/b/a Emini Trading School, to pay more than $1.9 million in civil monetary penalties and disgorgement in connection with a federal enforcement action brought by the Commodity Futures Trading Commission (CFTC) alleging fraudulent solicitation of customers in connection with the offering of a futures trading system and an advisory service, making false statements to the CFTC, and violations of a prior CFTC order against the Defendant. Released: 10/03/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email wa

CFTC Charges Owner of Precious Metals Firm with Defrauding More than 130 Customers in Precious Metals Scheme

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. CFTC Charges Owner of Precious Metals Firm with Defrauding More than 130 Customers in Precious Metals Scheme The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Western District of Washington charging Defendant Aaron Michael Scott of Portland, Oregon, with fraud and misappropriation in connection with contracts of sale of precious metals, specifically gold and silver.  Scott conducted his scheme through now-dissolved Washington-based company BMC Worldwide, Inc. (d/b/a Blue Moon Coins). Released: 10/03/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email was sent to cetinkayaadem.news@blogger.com us

In CFTC Action, Former Trader Kamaldeep Gandhi Admits to Engaging in Spoofing and Manipulative Schemes at Proprietary Trading Firms

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. In CFTC Action, Former Trader Kamaldeep Gandhi Admits to Engaging in Spoofing and Manipulative Schemes at Proprietary Trading Firms The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Kamaldeep Gandhi , in which Gandhi admits to engaging in manipulative and deceptive schemes, along with other individuals, which involved thousands of acts of spoofing (bidding or offering with the intent to cancel the bid or offer before execution) with respect to a variety of futures products traded on the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and the Commodity Exchange, Inc.  Released: 10/12/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Prefe

Federal Court Orders Trading Firm and CEO to Pay More than $2.5 Million for Fraudulent Bitcoin Ponzi Scheme

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. Federal Court Orders Trading Firm and CEO to Pay More than $2.5 Million for Fraudulent Bitcoin Ponzi Scheme A New York federal court has ordered New York corporation Gelfman Blueprint, Inc.  and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in what was the first anti-fraud enforcement action involving Bitcoin filed by the Commodity Futures Trading Commission (CFTC).   Released: 10/18/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email was sent to cetinkayaadem.news@blogger.com using GovDelivery Communications Cloud on behalf of the Commodity Futures Trading C

CFTC Charges Interdealer Broker with Fraud 

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. CFTC Charges Interdealer Broker with Fraud  The Commodity Futures Trading Commission (CFTC) today charged interdealer broker TFS-ICAP LLC and TFS-ICAP Ltd. (TFS-ICAP) with fraud and supervision failures...  Released: 09/28/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email was sent to cetinkayaadem.news@blogger.com using GovDelivery Communications Cloud on behalf of the Commodity Futures Trading Commission · 1155 21st Street, NW · Washington DC 20581 · 202-418-5000

Federal Court Finds that Virtual Currencies Are Commodities

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. Federal Court Finds that Virtual Currencies Are Commodities On September 26, 2018, Senior Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts, entered an order holding that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency and denying the defendants' motion to dismiss the CFTC's amended complaint. Released: 10/03/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email was sent to cetinkayaadem.news@blogger.com using GovDelivery Communications Cloud on behalf of the Commodity Futures Trading Commission · 1155 21st Street, NW · Washington DC 20581 · 202-418-5000

Federal Court in Chicago Enters $14 Million Judgment against Options Trader for Fraudulent Options Scheme

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. Federal Court in Chicago Enters $14 Million Judgment against Options Trader for Fraudulent Options Scheme The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge John Robert Blakey of the U.S. District Court for the Northern District of Illinois entered a Consent Order for Permanent Injunction, which resolves charges against Defendant Thomas C. Lindstrom , of Winnetka, Illinois, for engaging in fraud in connection with his trading of options on 10-year U.S. Treasury note futures (T-Note Options). Released: 10/11/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email was sent to cetinkayaadem.news@blogger.com using GovDelivery Communications Cloud

CFTC Charges Chairman of Board of Interdealer Broker with Supervisory Failures

You are subscribed to Enforcement Press Releases for CFTC.gov. This information has recently been updated, and is now available. CFTC Charges Chairman of Board of Interdealer Broker with Supervisory Failures The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Michael Leibowitz , Chairman of the Board of TFS-ICAP LLC and TFS-ICAP Ltd. (TFS-ICAP), for failing to diligently supervise the handling by brokers on the emerging markets desks at TFS-ICAP of foreign exchange options (FX Options) trades. Released: 09/28/2018 STAY CONNECTED:           Questions?  Contact Us SUBSCRIBER SERVICES:  Manage Preferences  |  Help     This email was sent to cetinkayaadem.news@blogger.com using GovDelivery Communications Cloud on behalf of the Commodity Futures Trading Commission · 1155 21st Street, NW · Washingt