Articles Tagged with Florida CFTC Investigation Attorney

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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 →

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The U.S. Commodity Futures Trading Commission (CFTC) has ordered Florida resident Anthony Lauria and his Fort Lauderdale, Florida based company, Gold Coast Bullion, Inc., to pay nearly $10 million for committing illegal off-exchange precious metals fraud.

The CFTC Order states that Gold Coast Bullion used telemarketers to solicit customers to invest in financed precious metals transactions. According to the CFTC Order, Anthony Lauria and the Gold Coast Bullion telemarketers represented to investors that in order to purchase the precious metals, they needed to deposit about 25% of the total metal value, that Gold Coast Bullion would arrange for the investor to receive a loan for the remaining 75%, and the investor would pay a finance charge on the loan. Continue reading →

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The U.S. Commodity Futures Trading Commission (CFTC) has charged Emini Experts LLC (Emini), Capital Trading Concepts LLC (Capital Trading), and Dante S. Giovannetti (Giovannetti), all of Orlando, Florida, with a fraudulent investment scheme in which they used fictitious trading account statements to solicit nearly $700,000 from investors.

The CFTC complaint alleges that the false trading account statements show tens of millions of dollars in fictitious profits from trading Emini S&P 500 futures contracts and over $53 million in cash on deposit as of July 31, 2014. The complaint further alleges that Emini, Capital Trading, and Giovannetti acted as unregistered Commodity Pool Operators and co-mingled pool funds with non-pool property. Continue reading →