Category Archives: HedgeCo News
Court Orders Defendant to Pay More than $2 Million in a Foreign Currency Fraud Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that the U.S. District Court for the Middle District of Florida entered a judgment in a CFTC enforcement action against Allied Markets, LLC of Florida, finding that the company operated a […]
SEC Obtains Final Judgments Against Pyramid Scheme Mastermind and Promoters
(HedgeCo.Net) The U.S. District Court for the District Court of Massachusetts has entered final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies. In June 2015, the SEC charged Daniel […]
Federal Court Orders Florida Company to Pay More Than $15 Million in Monetary Sanctions for Fraud and Illegal Transactions
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that the U.S. District Court for the Southern District of Florida entered a default judgment against defendants Aviv Michael Hen of New York, and Omega Knight 2, LLC, as well as […]
Alleged Fraudster Sentenced to 22 Years in Parallel Criminal Case
(HedgeCo.Net) One of the alleged perpetrators of a Ponzi-like scheme that raised more than $345 million from over 230 investors across the United States, Kevin B. Merrill, has been sentenced to 22 years in prison, in a parallel criminal case. […]
CFTC Charges New York Man with Misappropriating Customer Funds Intended for Futures and Forex Trading
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Eyal Alper of Tarrytown, New York, for fraud and misappropriating funds. The CFTC’s complaint […]
CFTC Sues Unregistered Retail Forex Exchange Dealer
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced it issued an order filing and settling an enforcement action against Treasury Vault, LLC of Lehi, Utah for acting as an unregistered retail foreign exchange dealer. Starting in September 2017, Treasury […]
SEC Charges California Contractor and CPA for Roles in $909 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against two California individuals for their roles in a multi-year alternative energy tax credit Ponzi scheme run by two California-based companies. Defendants have agreed to settle the SEC’s charges, with monetary […]
SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against eighteen traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits. The SEC alleges that […]
SEC Obtains Final Judgment Against Former Executive Charged with Lying to Auditors
The U.S. District Court for the District of Maryland has entered a final judgment against Bobby Dwayne Montgomery, a former executive of biotech company Osiris Therapeutics, Inc. for his role in Osiris’s fraudulent conduct. The SEC’s action, filed November 2, […]
CFTC Charges Company and its Owner in $11 Million Cryptocurrency Fraud and Misappropriation Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed of a civil enforcement action in the U.S. District Court for the District of Nevada, charging David Gilbert Saffron of Las Vegas, Nevada and Circle Society, Corp., a Nevada corporation, with […]
18 Traders Charged in $31 Million Stock Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits. The SEC alleges that […]
Federal Court Orders Managed Fund and CEO to Pay More Than $17.2 Million in a Commodities Fraud Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced that a default judgment was entered on October 3rd against defendants Fabio Bretas de Freitas, of Miami, Florida, and Phy Capital Investments LLC, a registered commodity pool operator and commodity trading […]