CFTC Whistleblower Program
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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 […]
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First Federal Case of Its Kind Unveils $1.4 Million “Spoofing” Scheme
The conception of the Dodd-Frank Wall Street Reform and Consumer Protection Act has come to fruition in the uncovering of a large-scale commodities exchange scheme, resulting in an estimated loss of $1.4 million. This scheme directly violated the anti-spoofing provision of the Dodd-Frank Act, and is being called the first of its kind to be […]
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Arizona Trader Pays $2.5 Million for Role in Commodity Pool Ponzi Scheme
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 […]
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Bitcoin Futures Flourish Under CFTC Approval, but Danger Still Looms
It is no secret that Bitcoin is on the rise; the cryptocurrency has gained a significant amount of momentum since its introduction to the market in 2009, popular for being the first digital currency that operates without a central bank. Though many seem to be under the impression that it is no more than a […]
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“Real Time Trade Room” Not Real-Time, Doesn’t Trade
In October of 2017, the Commodities Trading Futures Commission (CFTC) settled a case brought against FTS Financial, Inc. and its proprietors after finding their brazen misrepresentation of a “Real Time Trade Room” in order to fraudulently obtain over $2.5 million in customer funding. FTS Financial, a California-based company specializing in commodities trade advisory, settled the […]