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Florida Court Orders Brazilian Nationals to Pay Over $128 Million for Fraudulent Commodity Pool Scheme

News Corporate Finance & M&A Sanctions & Fines
Date: 4th Feb, 2025 Source: Commodity Futures Trading Commission (CFTC) Country: USA Original Source

Brief

On February 04, 2025, the Commodity Futures Trading Commission announced that a US District Court in Florida ordered Brazilian nationals Emerson Pires and Flavio Goncalves to pay over $128 million for their role in a fraudulent commodity pool scheme. The order also requires Florida resident Joshua Nicholas to pay $1.156 million in monetary penalties.

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Commodity Futures Trading Commission (CFTC)

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