Commodity Futures Trading Commission v. First State Depository Company, LLC et al
Case Number:
1:22-cv-01266
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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June 08, 2023
Silver Trader Agrees To Pay $145M To End CFTC Fraud Case
The U.S. Commodity Futures Trading Commission asked a Delaware federal judge to approve a consent judgment ordering a purported precious metals depository, a purported precious metals trading firm and the man who ran both to pay roughly $145 million to resolve claims that they scammed at least 200 customers out of at least $7 million via a fake silver leasing program.
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October 06, 2022
CFTC Says Delaware Silver Trader Ripped Off Customers
The U.S. Commodity Futures Trading Commission has sued a purported precious metals depository, a purported precious metals trading firm and the man who ran both, claiming they scammed at least 200 customers out of at least $7 million via a fake silver leasing program.