CPOs/CTAs

U.S. District Court in Florida Orders Defendants to Pay More than $15.8 Million in CFTC Anti-Fraud Action.

The CFTC also Charges Melody Nganthuy Phan with Fraud by an Unregistered Commodity Pool Operator.

The charges allege that the defendants engaged in solicitation fraud and made false statements to the National Futures Association.

Prestige fraudulently solicited and accepted more than $4.7 million from multiple pool participants for investment in one or more commodity pools that traded commodities and ...

This fraud took more than $700,000 of pool participant funds, money the CFTC says was spent on country club memberships and for travel to Europe.