CFTC reaches agreement with firms in bullion fraud case
The CFTC has reached an agreement with two firms engaged in a fraudulent and deceptive scheme in connection with the purchase and sale of precious metals.
Source: coinworld.com
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CFTC Imposes $145.7M Penalty on Fraudulent Silver Scheme | Chief Investment Officer
The scam, ongoing since 2014, involved selling silver coins to more than 200 investors, who then leased them back in exchange for monthly payments.
Source: ai-cio.com
Over half a million silver coins just vanished – now the metals dealer behind the 'fraudulent' scheme must pay $146 million
A precious metals dealer has been asked to pay $146 million in damages after over 500,000 silver coins disappeared. Robert Higgins ran a "fraudulent and deceptive scheme", says the CFTC.
Source: yahoo.com