Articles Tagged with Boca Raton CFTC Investigation Lawyer

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The U.S. District Court for the Southern District of Florida has ordered Delray Beach Florida resident Stavros Papastavrou and his Pompano Beach, Florida company, Inter-Global Currency & Precious Metals, LLC (IGCPM), to pay nearly $550,000 for allegedly committing illegal off-exchange precious metals fraud.

The Consent Order states that IGCPM and Mr. Papastavrou solicited customers by phone to engage in leveraged, margined, or financed precious metals transactions. According to the Order, customers paid at least $1 million to IGCPM for these precious metals transactions, and IGCPM received at least $447,342 in commissions and fees. Continue reading →