| Read Time: 2 minutes | Forex |

The U.S. Commodity Futures Trading Commission (CFTC) has charged Jean Chauvel (Chauvel), Renaud Pierre-Charles (Pierre-Charles), Robert Tripode (Tripode) and their Miami, Florida-based company, Forex Monthly Income Fund, LLC (FMIF), with forex pool fraud, alleging that they misappropriated over $1 million of investors’ funds.

The CFTC complaint alleges that Chauvel, Pierre-Charles, and Tripode solicited over $1.4 million from investors to trade foreign currency in a commodity pool by guaranteeing investors a monthly return on their investment supposedly based on forex trading profits. The complaint further states that many of the investor victims were unsophisticated senior citizens who were looking for an increased monthly income from their retirement savings. Chauvel, Pierre-Charles, and Tripode allegedly never traded or generated any income from forex trading but, according to the complaint, misappropriated over $1 million of the pool investors’ funds.

A Federal Court has issued an emergency Order freezing and preserving all assets and prohibiting any destruction of books and records. The CFTC is seeking full restitution to investors in Forex Monthly Income Fund, along with other penalties including permanent registration and trading bans and a permanent injunction from future federal commodities law violations.

Attorney Pearce has successfully defended clients involved in CFTC investigations and enforcement proceedings since the mid-1980s. In fact, he is currently involved in several CFTC investigations and defending clients involved in leveraged precious metals businesses. Recently, Mr. Pearce obtained a full dismissal of all claims made against his brokerage client in a leveraged precious metals arbitration proceeding.

Have you have been contacted by the CFTC or believe that you may be subject of an investigation? If so, call Mr. Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce defends various entities and individuals who may be the subject of a CFTC investigation or enforcement action regarding their alleged involvement in commodities laws violations.

This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over , Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to representing investors and financial industry professionals throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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