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CFTC Charges Individuals and Florida Companies With Fraud in Multimillion-Dollar Precious Metals Scheme

CFTC Charges Individuals and Florida Companies With Fraud in Multimillion-Dollar Precious Metals Scheme
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CFTC Orders Florida Man And His Company To Pay Over $397,000 In Connection With A Digital Assets Solicitation Scheme

CFTC Orders Florida Man And His Company To Pay Over $397,000 In Connection With A Digital Assets Solicitation Scheme Date 20/04/2021 The Commodity Futures Trading Commission announced today that it has issued an order filing and settling charges against Jozef Gherman of Florida and J Squared LLC, a Florida limited liability company, for making misleading statements or omitting material facts in connection with soliciting more than $300,000 from over 40 individuals to invest in digital assets. Gherman was an employee and one of the founders of J Squared and was its principal owner and CEO. The order requires Gherman and J Squared to pay a $150,000 civil monetary penalty, with the amount to be paid by each capped at $75,000, and any post-judgment interest. The order also requires Gherman and J Squared to pay $247,110 in restitution, with the amount to be paid by each capped at $123,555, and any post-judgment interest. In addition, the order imposes a 10-year ban on Gherm

CFTC Charges Two Individuals With Multi-Million Dollar Digital Asset Pump-And-Dump Scheme - First Manipulative Scheme Charged By CFTC Involving Digital Assets

CFTC Charges Two Individuals With Multi-Million Dollar Digital Asset Pump-And-Dump Scheme - First Manipulative Scheme Charged By CFTC Involving Digital Assets Date 05/03/2021 The Commodity Futures Trading Commission today filed a complaint in the U.S. District Court for the Southern District of New York charging businessman and computer programmer John McAfee, previously of Tennessee, and his former employee Jimmy Gale Watson, previously of California, for engaging in a manipulative and deceptive digital asset “pump-and-dump” scheme. According to the complaint, the defendants secretly accumulated positions in digital assets, deceptively promoted the digital assets through social media as valuable long-term investments, then sold their holdings as prices rose sharply following McAfee’s deceptive endorsements, resulting in profits in excess of $2 million. The scheme involved numerous digital assets, including verge (XVG), dogecoin (DOGE), and reddcoin (RDD). This en

CFTC Charges Two Individuals with Multi-Million Dollar Digital Asset Pump-and-Dump Scheme

CFTC Charges Two Individuals with Multi-Million Dollar Digital Asset Pump-and-Dump Scheme
cftc.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cftc.gov Daily Mail and Mail on Sunday newspapers.

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