Federal Court Orders Foreign Trader to Pay $390K for Fictitious Sales Scheme
October 24, 2024
October 24, 2024
WASHINGTON, Oct. 24 -- The Commodity Futures Trading Commission issued the following enforcement news release:
The Commodity Futures Trading Commission today announced U.S. District Judge Sherilyn Peace Garnett, Central District of California, granted, in relevant part, the CFTC's motion for default judgment and entered final judgment against , a Chinese citizen, for engaging in a fictitious sales scheme.
The court's July 31 and Aug. 20 orders require Bao to pay a $260 . . .
The Commodity Futures Trading Commission today announced U.S. District Judge Sherilyn Peace Garnett, Central District of California, granted, in relevant part, the CFTC's motion for default judgment and entered final judgment against , a Chinese citizen, for engaging in a fictitious sales scheme.
The court's July 31 and Aug. 20 orders require Bao to pay a $260 . . .