Tag: Georgia
Hendrik A. Van Beuningen, Fraud, Georgia 2016
Washington, D.C. – Hendrik A. Van Beuningen has been permanently banned from trading and registration in commodity markets after being found liable for fraud and misappropriation of funds, the Commodity Futures Trading Commission (CFTC) announced August 4, 2016. Van Beuningen, along with his company DeBrink Trading Fund I, LLC, will pay a combined $910,000 in…
Christopher McDonald, Market Manipulation, Georgia 2006
Atlanta, GA – Christopher McDonald was penalized for his role in a scheme to manipulate natural gas prices, according to a settlement announced November 17, 2006, by the U.S. Commodity Futures Trading Commission (CFTC). McDonald, of Atlanta, Georgia, will pay $350,000 in civil monetary penalties and is permanently barred from participating in the commodity futures…
Anthony Ramunno Jr, Fraud, Georgia 2007
Atlanta, GA – January 24, 2007 – Anthony Ramunno Jr., Chief Operating Officer of Renaissance Asset Management, LLC (RAM), is facing charges of fraud following an investigation by the U.S. Commodity Futures Trading Commission (CFTC). The CFTC filed a complaint in the U.S. District Court for the Northern District of Georgia alleging fraudulent activity related…
Gregg R. Amerman, Commodity Fraud, Georgia 2007
ATLANTA, GA – September 26, 2007 – Gregg R. Amerman of Alpharetta, Georgia, is facing charges of commodity fraud following a complaint filed by the U.S. Commodity Futures Trading Commission (CFTC) in the U.S. District Court for the Northern District of Georgia. The complaint, filed September 18, 2007, alleges Amerman misappropriated over $675,000 from investors.…
Paul Atha, Price Manipulation, Georgia 2007
Dunwoody, GA – November 8, 2007 – Paul Atha has been penalized by the U.S. Commodity Futures Trading Commission (CFTC) for falsely reporting and attempting to manipulate natural gas prices, according to a consent order entered on November 7, 2007, by the Honorable J. Owen Forrester of the U.S. District Court for the Northern District…
Joseph Profit II, Fraud, Georgia 2007
Atlanta, GA – Joseph Profit II, CEO of Cornerstone Capital Management, LLC, was hit with a permanent injunction and pending penalties after being found liable for defrauding investors in the Cornerstone Capital Management Icon Fund LP, according to a consent order entered November 14, 2007, by the U.S. District Court for the Northern District of…
James Ossie, Ponzi Scheme, Georgia 2009
Atlanta, GA – James Ossie, 41, of Dawsonville, Georgia, has been charged with operating a $25 million Ponzi scheme through his company, CRE Capital Corporation (CRE), according to a complaint filed by the U.S. Commodity Futures Trading Commission (CFTC) on January 15, 2009. The CFTC alleges that Ossie and CRE defrauded over 100 investors by…
Anthony Ramunno, Jr., Ponzi Scheme, Georgia 2009
Anthony Ramunno, Jr., 44, of Alpharetta, Georgia, has been ordered to pay a $5.8 million civil penalty for orchestrating a $21 million Ponzi scheme targeting over 90 investors, according to a ruling by the U.S. District Court for the Northern District of Georgia on February 13, 2009. Ramunno operated the scheme through his company, Renaissance…
Eldon Gresham, Forex Ponzi Scheme, Georgia 2009
Peachtree City, Georgia – Eldon A. Gresham, 61, is facing charges of operating a multi-million dollar foreign currency (forex) Ponzi scheme, according to a complaint filed by the U.S. Commodity Futures Trading Commission (CFTC) on July 2, 2009, in the U.S. District Court for the Northern District of Georgia. The CFTC alleges Gresham, operating as…
Saxon Financial Services, Commodity Fraud, Georgia 2009
ATLANTA, GA – Saxon Financial Services Inc. has been ordered to pay over $4.3 million in penalties and restitution for commodity option fraud, the U.S. Commodity Futures Trading Commission (CFTC) announced today, August 26, 2009. Judge Julie E. Carnes of the U.S. District Court for the Northern District of Georgia entered a final judgment against…
