Arizona Trader Fined $2.5M for Ponzi Scheme Involvement
A commodity trading advisory company based out of Mesa, Arizona, as well as its proprietor, have been permanently banned from any future trading activity following a complaint by the U.S. Commodity Futures Trading Commission (CFTC), which unveiled an array of fraudulent practices that were regularly employed in attempts to execute the Ponzi-style scheme. Draven LLC and […]
CFTC’s $4.5 Million Win Against Commodity Pool Fraud Scheme
The U.S. Commodity Futures Trading Commission (CFTC) saw a big win following their complaint against a Delaware-based investment company, resulting in the recoup of $4.5 million. The three-year scheme carried out by STA Opus and its primary owner, Gerard Suite, resulted in the loss of millions of dollars in customer funds, directly stemming from the […]