Search Results for: U.S. District Court
CFTC: Over $2.7 Million penalty for a Commodity Pool Fraud
June 23rd, 2016
Federal Court Orders Dante S. Giovannetti and His Companies Emini Experts, LLC and Capital Trading Concepts LLC to Pay over $2.7 Million in Restitution and Monetary Penalties for Commodity Pool Fraud and Other Violations of the Commodity Exchange Act ...
CFTC ordered a $2.4 Million penalty for Illegal Off-Exchange Precious Metals Transactions
June 21st, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Beth Bloom of the U.S. District Court for the Southern District of Florida granted the CFTC’s motion for entry of final default judgment Order against Defendants Harvard Assets LLC (Harvard ...
HSBC to pay $1.575 billion, ending Household International class action
June 17th, 2016
A unit of HSBC Holdings Plc (HSBA.L) said on Thursday it will pay $1.575 billion to end a 14-year-old shareholder class action lawsuit stemming from the Household International consumer finance business that the British bank bought in 2003. HSBC ...
Oracle whistleblower suit raises questions over cloud accounting
June 10th, 2016
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015.REUTERS/ROBERT GALBRAITH A whistleblower lawsuit filed against Oracle Corp (ORCL.N) over its accounting practices underscores the pressures established computer companies face to show that they ...
CFTC Charges Three individuals and their companies with $2.7 Million Precious Metals and Rare Diamonds Fraud
June 8th, 2016
Massachusetts Resident Jeffrey Slemmer, Florida Residents Christian Dorrian and Adam Roth, and Their Florida-Based Companies Charged with Fraud, Engaging in Illegal, Off-Exchange Precious Metals Transactions, and Registration Violations The U.S. Commodity Futures Trading Commission (CFTC) today announced that on ...
CFTC announced a fine of $940,000 to a commodity futures trader for fraud
June 7th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge William J. Zloch of the U.S. District Court for the Southern District of Florida (Fort Lauderdale) entered an Order of Default Final Judgment (Order) against Defendant Rico Omar ...
SEC announced: Mortgage Company and Executives Settle Fraud Charges
June 1st, 2016
The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities ...
Is Deutsche Bank’s Gold Manipulation The Main Scam Or Just A Side-Show?
April 18th, 2016
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated they’re the only market that isn’t.” That was unsatisfying, though, because as the ...
Justice Department Sues to Block Halliburton’s Acquisition of Baker Hughes
April 7th, 2016
Merger would eliminate significant head-to-head competition in oilfield services industry The Department of Justice filed a civil antitrust lawsuit today seeking to block Halliburton Company’s proposed acquisition of Baker Hughes Inc., alleging that the transaction threatens to eliminate competition, ...
Broker-dealer owner indicted in $17 million pump-and-dump scheme
March 24th, 2016
Guy Gentile accusing of fraudulently inflating price of stocks Scheme involved Raven Gold Corp., Kentucky USA Energy Inc. The owner of a New York broker-dealer was charged with fraudulently inflating the price of two micro-cap stocks before selling them to ...
