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CFTC s Annual Enforcement Results: Another Blockbuster Year | BCLP

Federal Court Orders Monex to Pay $38 Million for Fraud

Central District of California Orders Precious Metals Firm and Owners to Pay $38M for Commodity Fraud and Registration Violations

On December 21, the Commodity Futures Trading Commission (CFTC) announced that the Central District of California entered an order for permanent

CFTC: Federal Court Orders California Precious Metals Firm And Its Owners To Pay $38 Million For Commodity Fraud And Registration Violations

<p><span>The Commodity Futures Trading Commission today announced the U.S. District Court for the Central District of California entered a consent order for permanent injunction, monetary sanctions, and equitable relief against&nbsp;</span><span>Monex Deposit Company</span><span>,&nbsp;</span><span>Monex Credit Company</span><span>,&nbsp;</span><span>Newport Services Corporation</span><span>, and their owners&nbsp;</span><span>Louis Carabini</span><span>&nbsp;and&nbsp;</span><span>Michael Carabini</span><span>.</span></p>

Federal Court Orders California Precious Metals Firm and Its Owners to Pay $38 Million for Commodity Fraud and Registration Violations

Federal Court Orders California Precious Metals Firm and Its Owners to Pay $38 Million for Commodity Fraud and Registration Violations
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