Tag: Nevada
Richard McCall, Futures Trading Fraud, Nevada 2006
Las Vegas, NV – On March 20, 2006, the U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action against Richard McCall in the United States District Court for the District of Nevada, alleging fraud related to a futures trading workshop. McCall, operating as The Mastery Group International, is accused of offering a workshop called…
Izaiah Flood, Conspiracy to Distribute a Controlled Substance, Nevada 2023
⏱ 2 min read A man sold counterfeit pills laced with fentanyl to a victim on the Las Vegas Strip, who died within hours. The fatal overdose occurred on September 2, 2023, after the victim ingested one of the pills, which the seller claimed was ecstasy. Izaiah Flood, 26, was sentenced to 13 years in…
William Snyder, Fraud, Nevada 2006
Reno, Nevada – William Snyder, 42, of Michigan, and Christi Wilson, of Reno, Nevada, face charges of fraud following a CFTC complaint filed in September 2006. The U.S. Commodity Futures Trading Commission (CFTC) secured preliminary injunctions against Snyder, Wilson, and their company, Alliance Development Company, on November 3, 2006, as issued by the Honorable Larry…
Richard McCall, Futures Fraud, Nevada 2007
Las Vegas resident Richard McCall was ordered to pay a $15,000 penalty after being found to have committed futures fraud, according to a consent order entered by Judge Kent J. Dawson of the U.S. District Court for the District of Nevada on May 15, 2007. The Commodity Futures Trading Commission (CFTC) initially filed a complaint…
Gordon A. Driver, Ponzi Fraud, Nevada 2009
Las Vegas resident Gordon A. Driver is facing charges of fraud following a CFTC complaint filed on May 14, 2009, in the Federal District Court in Los Angeles, California. The CFTC alleges Driver orchestrated a $13.5 million Ponzi scheme through his companies, Axcess Automation LLC and Axcess Fund Management LLC. The complaint details that from…
Perry Jay Griggs, Ponzi Scheme, Nevada 2011
LAS VEGAS, NV – Perry Jay Griggs and his wife, Rachelle Griggs, along with their company Aloha Trading Company, Inc., have been ordered to pay $2.1 million in penalties to settle charges of operating a multi-million dollar Ponzi scheme, according to a federal court consent order entered September 30, 2011. Chief Judge Susan Oki Mollway…
Luis Salazar-Correa, Forex Fraud, Nevada 2012
Las Vegas resident Luis Salazar-Correa has been charged with fraud by the U.S. Commodity Futures Trading Commission (CFTC), stemming from a scheme involving a pooled investment vehicle called Prosperity Team, LLC. The charges, filed and settled on June 6, 2012, allege that Salazar-Correa fraudulently solicited over $2.4 million from at least 183 customers between February…
Charles Timberlake, Commodity Fraud, Nevada 2013
LAS VEGAS, NV – Charles Leroy Timberlake, of Texas, has been ordered to pay $340,000 to settle charges of commodity pool fraud, the U.S. Commodity Futures Trading Commission (CFTC) announced today, January 15, 2013. The settlement, finalized on January 14, 2013, by Judge Gloria M. Navarro of the U.S. District Court for the District of…
Bharat Adatia, Precious Metals Fraud, Nevada 2013
LAS VEGAS, NV – September 30, 2013 – The U.S. Commodity Futures Trading Commission (CFTC) has filed charges against Bharat Adatia, of San Juan Capistrano, California, and three Nevada-based corporations he controlled, alleging a $2.4 million precious metals fraud. The companies named in the complaint are Lions Wealth Holdings, Inc., Lions Wealth Services, Inc. (doing…
Daniel Shak, Oil Price Manipulation, Nevada 2013
Las Vegas resident Daniel Shak has been penalized by the U.S. Commodity Futures Trading Commission (CFTC) for attempting to manipulate the price of Light Sweet Crude Oil (WTI) futures contracts in 2008. The CFTC issued an order on November 25, 2013, detailing the charges against Shak and his firm, SHK Management, LLC. According to the…
