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The CFTC charges David Michael Kogan and his company, First Capital Futures Group, with operating a fraudulent commodity scheme involving 58 customers and causing more than $3 million in customer losses
The CFTC charged Eldon A. Gresham, of The Gresham Company, and relief defendants Werner H. Beiersdoerfer and Interveston Wines, LLC, both of Calera, Ala., and Kirk M. Gresham, Gresham’s son, of Newnan, Georgia, with operating a multimillion-dollar foreign currency Ponzi scheme, specifically targeting persons of the Christian faith to invest in the scheme
In the SEC’s continued trend to bring enforcement actions against hedge funds, the SEC filed its first insider trading action involving credit default swaps against two individuals Jon-Paul Rorech and Renato Negrin
