|Comments Off on CFTC Wins Asset Freeze In $13M Churchgoer Ponzi Suit

An Arizona federal judge issued an asset freeze Thursday against a man accused by the U.S. Commodity Futures Trading Commission of tricking Mormon church members into investing in a $13 million trading scheme that funded his personal expenses and Ponzi scheme payments.

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|Comments Off on NY Forex Trader Imprisoned For $1.5M Fraud Sued By CFTC

A Long Island man imprisoned for running a foreign exchange scheme was accused on Monday by the U.S. Commodity Futures Trading Commission of taking $1.5 million from investors, hiding his losses and spending what remained on phony returns payments and personal expenses.

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|Comments Off on Fallen Financier Gets 3 Years For $23M Commodities Fraud

A Manhattan federal judge on Tuesday sentenced fraudster Haena Park, who left dozens of friends and family members in financial dire straits after a six-year campaign of lies, to three years in prison, citing the defendant’s remorse, health issues and her pregnancy for showing leniency.

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|Comments Off on Feds Bust Another Ticket Resale Ponzi, Say CEO Took $70M

Federal prosecutors accused a Long Island, New York, man on Wednesday of defrauding investors in a ticket resale business out of at least $70 million, echoing charges filed four months ago against two other men in an unrelated but similar scheme.

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