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Date de publication: 17 mai 2013
Auteur: Y B
Noter cette article :

La Commodity Futures Trading Commission a publié un communiqué de presse dans lequel elle annonce qu'elle a obtenu une ordonnance du tribunal ordonnant à Phillip Milton de Palm Beach Gardens (Floride) et de Trade, LLC basée à Palm Springs, de verser un dédommagement de plus de 10,8 millions de dollars et régler une amende civile de 7,6 millions de dollars.

Cette ordonnance fait suite à la condamnation de Phillip Milton et de sa société, Trade, pour avoir mis en place une chaîne de Ponzi leur ayant permis de réunir auprès de leurs investisseurs plus de 28,4 millions de dollars.

Les défendeurs ont également détourné au moins 9,6 millions de dollars pour leur usage personnel et pour pouvoir pérenniser leur montage frauduleux.

Résumé :

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Daniel Hurley of the U.S. District Court for the Southern District of Florida entered supplemental consent Orders against Defendants Philip Milton of Palm Beach Gardens, Florida, and Trade, LLC, based in Palm Spring Gardens, Florida, requiring Milton to pay restitution of more than $10.8 million and a $7.6 civil monetary penalty and Trade, LLC, to pay restitution of over $11.4 million and a $28.4 million civil monetary penalty for operating a multi-million dollar Ponzi commodity pool scheme (see CFTC Press Release 5848-10, July 6, 2010).

The court also required Relief Defendants BD, LLC, CMJ Capital, LLC, Center Richmond, LLC, and TWTT, LLC, all Florida corporations, to disgorge $545,200, $2,826,981.37, $1,253,862.62, and $100,000, respectively.

The CFTC filed a Complaint against Defendants Philip Milton, William Center, Gregory Center, and Trade, LLC on June 22, 2010, in the U.S. District Court for the Southern District of Florida. The Complaint charged the Defendants with fraudulently soliciting approximately $28.4 million from at least 2,000 customers to participate in a commodity pool to trade futures and securities and with misappropriating at least $9.6 million of pool funds for their personal use and to continue the scam. The complaint also named the four Relief Defendants, all corporations owned by the individual defendants, for receiving funds as a result of the defendants’ misappropriation to which they have no legitimate entitlement.

On, April 15, 2011, the court entered a consent Order of permanent injunction against Milton and entered a similar consent order against Trade, LLC and the Relief Defendants on September 6, 2011. These consent Orders found the consenting parties liable for the fraud and misappropriation, as charged in the CFTC’s complaint, and ordered them to pay restitution, disgorgement, and civil monetary penalties in amounts to be determined at a later day. The CFTC’s litigation continues against Defendants William Center and Gregory Center.

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