Tag: California
Ralph Metters, Forex Fraud, California 2016
Ralph Metters, formerly of Los Angeles, California, has been penalized $500,000 and ordered to disgorge the same amount for perpetrating a forex fraud, the U.S. Commodity Futures Trading Commission (CFTC) announced on August 12, 2016. The settlement stems from a Consent Order entered by Judge Manuel L. Real of the U.S. District Court for the…
Gerard Suite, Fraud, California 2017
LOS ANGELES, CA – November 17, 2017 – Commodity fraudster Gerard Suite, along with his company STA Opus NR LLC, and accomplice Frank Collins, have been hit with significant penalties following a federal court order, the Commodity Futures Trading Commission (CFTC) announced today. The CFTC secured a Default Judgment Order against Suite (also known as…
James D. Crombie, Fraud, California 2019
SAN FRANCISCO, CA – June 18, 2019 – James D. Crombie has been permanently banned from trading on CFTC-regulated markets following a protracted legal battle with the Commodity Futures Trading Commission (CFTC). The U.S. District Court for the Northern District of California issued a Supplemental Order on June 5, 2019, cementing the ban, which prevents…
Dean Katzelis, Trading Violations, California 2019
Washington, D.C. – Dean Katzelis and Shahin Maleki, operating under the name Essex Futures, have been ordered to pay a $500,000 penalty and cease further violations of commodity trading regulations, the Commodity Futures Trading Commission (CFTC) announced on July 12, 2019. Katzelis and Maleki, both residents of California, ran Essex Futures as a registered guaranteed…
Daniel Adam Hewko, Fraud, California 2019
Daniel Adam Hewko and his father, Daniel Hewko, of California, were charged with fraud by the U.S. Commodity Futures Trading Commission (CFTC) on November 13, 2019, in a civil enforcement action filed in the U.S. District Court for the Central District of California. The complaint also names Main & Prospect Capital, LLC as a defendant.…
Tom Bean, Illegal Digital Asset Trading, California 2022
WASHINGTON, D.C. – Tom Bean and Kyle Kistner, founders of bZeroX, LLC, have been charged with illegally offering leveraged and margined retail commodity transactions in digital assets, the Commodity Futures Trading Commission (CFTC) announced today, September 22, 2022. The CFTC simultaneously filed and settled charges against the pair and their company for operating outside of…
David Carmona, Fraud, California 2023
David Carmona, along with four co-defendants, faces civil charges of fraud brought by the Commodity Futures Trading Commission (CFTC) in the U.S. District Court for the Central District of California. The complaint, filed May 24, 2023, alleges that Carmona, formerly of Elmhurst, New York, and his associates defrauded over 170 individuals out of hundreds of…
Scott Allensworth, Commodity Fraud, California 2017
Scott Allensworth, of Newhall, California, along with Robert J. Fusco of Henderson, Nevada, and David Weddle of Prospect, Kentucky, have been slapped with a default judgment and permanent injunction following a four-year CFTC investigation into fraudulent commodity pool trading schemes. The U.S. District Court for the Central District of California found the trio defrauded as…
Monex Principals, Fraud, California 2017
Washington, D.C. – The U.S. Court of Appeals for the Ninth Circuit has upheld a preliminary injunction against Monex Deposit Company and its principals in a fraud enforcement action brought by the Commodity Futures Trading Commission (CFTC). The ruling, issued on July 20, 2021, marks the second time the CFTC has secured a victory in…
Violetta Mailyan, Medicare Botox Fraud Scheme, California 2026
A California doctor’s lavish lifestyle was funded by a brazen scheme to defraud Medicare out of $45 million. Violetta Mailyan, a medical professional with a seemingly legitimate practice, was convicted by a jury in the Central District of California for submitting false claims for Botox injections that were never provided and medically unnecessary. The investigation,…
