Tag: precious metals fraud

Monex Precious Metals fraud charges
September 06, 2017 BY LeapRate Staff

Monex Deposit Company charged with running multi-million dollar retail trader fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced that on September 6, 2017, it filed a civil injunctive enforcement action in the U.S. District Court for the Northern District of Illinois against three affiliated companies located in Newport Beach, California: Monex Deposit Company, Monex Credit Company, and Newport Services Corporation (collectively, Monex), and Monex’s principals Louis Carabini and Michael Carabini.…

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June 07, 2016 BY LeapRate Staff

CFTC issues charges in $2.7 million Bait-and-Switch precious metals and rare diamonds fraud

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on May 31, 2016, it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida charging defendants Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton Beach, Florida, and Adam Roth of Boca Raton, Florida, and their respective Florida…

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