John Wilkins of Chuluota Florida was charged by the U.S. Commodity Futures Trading Commission (CFTC) for fraud, misappropriation, and making false statements to the National Futures Association. Mr. Wilkins, owner of Altamont Global Partners LLC (AGP), orchestrated a scheme that solicited over $13 million from nearly 200 commodity pool participants. Mr. Wilkins and other defendants misappropriated more than $5.2 million of pool participants’ funds and issued false statements to pool participants that showed profits in their accounts. The misappropriated funds were spread between the defendants to live a luxurious lifestyle. The court ordered that AGP pay $10,969,843 in disgorgement and Mr. Wilkins was ordered to pay disgorgement of $1,214,902. Mr. Wilkins was also ordered to pay a civil monetary penalty of $3,644,706 and was permanently banned from the trading and registration of securities.
Do You Need a CFTC Defense Attorney?
The CFTC has filed many administrative proceedings actions against Chuluota Florida-based Futures Commission Merchants (FCMs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), and Commodity Trading Advisors (CTAs) or filed Federal court actions against those industry members and others not registered with the agency for allegedly engaged in violation of the Commodity Exchange Act (CEA) through alleged market manipulation schemes or fraudulent cash and/or leveraged coin and/or bullion transactions.
CFTC Defense Trial Lawyer Serving All of Chuluota Florida
Attorney Pearce’strial lawyer defense skills are highly regarded throughout Chuluota Florida and across the nation. He began his career with Florida and expanded his nationwide SEC securities law defense practice to include commodities law and the defense of CFTC investigations and enforcement proceedings.
Free Initial Consultation With Securities, Commodities and Investment Dispute Lawyers Serving Chuluota Florida Residents
The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in commodities law matters and investment disputes, and works tirelessly to secure the best possible result for you and your case. Mr. Pearce provides a complete case review, identifies the strengths and weaknesses of your case, and fully explains all of your legal options. For dedicated representation by a law firm with over 40 years of experience and success in all kinds of commodities law disputes serving Chuluota Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.