Action against Defendant, an unregistered commodity trading advisor, for alleged fraud related to futures contracts.  According to the CFTC, Defendant misrepresented his experience and success in order to induce investors to grant him access to their futures trading accounts.  The CFTC alleges that Defendant’s trading resulted in large losses to these accounts.  The court has entered a default judgment requiring Defendant to pay $591,570 in restitution, a civil penalty of $1,500,000, and post-judgment interest and imposing a permanent ban on Defendant from CFTC-regulated markets.

CFTC Press Release 

Default Judgment and Order