Articles Tagged with Brock Catronio

The U.S. Commodity Futures Trading Commission (CFTC) has ordered Boca Raton, Florida resident Isaiah Goldman and Delray Beach, Florida resident Brock Catronio, along with their companies Paramount Metals Exchange, LLC and Paramount Credit, LLC (collectively Paramount), to pay more than $2.5 million in sanctions for illegal off-exchange precious metals fraud.

The CFTC Order states that Isaiah Goldman (Goldman), Brock Catronio (Catronio) and Paramount solicited investors to make cash purchases of precious metals, falsely representing how the physical metals would be held on the investors’ behalf. According to the Order, Goldman, Catronio and Paramount treated the metals transactions as financed purchases, with the investor only paying a portion of the purchase price, and then taking out a loan for the balance of the purchase price. Continue Reading