Action against Defendants and Relief Defendants, a commodity pool operator, his companies, and related entities, for alleged fraud and misappropriation. According to the CFTC, Defendants solicited investor funds for commodity pools and futures funds based on false claims of high returns and investment capabilities. The CFTC alleges that Defendants falsified account statements, misappropriated investor funds, and made Ponzi-like payments to earlier investors. The CFTC further alleges that Defendant operator made false statements to the National Futures Association. Defendant operator has been charged in a related criminal proceeding.

CFTC Complaint

CFTC Press Release