Federal Court Orders Minnesota Man and Two Companies to Pay Over $2 Million for Futures Fraud and Misappropriation

News Corporate Finance & M&A Sanctions & Fines

Date: 12th Dec, 2024 Source: Commodity Futures Trading Commission (CFTC) Country: USA Original Source

Brief

On December 12, 2024, the Commodity Futures Trading Commission (CFTC) issued an update regarding Federal Court Orders Minnesota Man and Two Companies to Pay Over $2 Million for Futures Fraud and Misappropriation. The U.S. District Court for the District of Minnesota found Richard "Rick" Miller and his company Flip 2 Futures Trading Company LLC, along with Punch Drunk Marketing LLC, liable for operating a fraudulent futures trading scheme and ordered them to pay over $2 million in penalties and restitution.

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Commodity Futures Trading Commission (CFTC)

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Federal Court Orders Minnesota Man and Two Companies to Pay Over $2 Million for Futures Fraud and Misappropriation

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Federal Court Orders Minnesota Man and Two Companies to Pay Over $2 Million for Futures Fraud and Misappropriation

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Commodity Futures Trading Commission (CFTC)

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