投资者律师博客Orders Dallas Man to Pay Over $1.4M in Restitution, Penalty Over Texas Securities Scam Involving Forex Commodity Pool
The U.S. Commodity Futures Trading Commission says that a federal court has issued a supplemental Consent Order of Permanent Injunction mandating that Steven Lyn Scott pay over $760,000 in restitution, a $700K penalty, as well as post-judgment interest for his involvement in a外汇商品池scam. It was the U.S. District Court for the Northern District of Texas that put out the order, which comes after a CFTC enforcement action charged the Dallas resident with customer fund misappropriation, solicitation fraud, and registration violations related to running a commodity pool scam.
根据法院的说法，从2009年1月上旬到2011年3月底，斯科特欺诈性地从40多名游泳池参与者那里征求了至少1,146,000美元以边缘或杠杆为基础，以外币交易。许多参与者住在德克萨斯州，包括他的朋友，亲戚和其他人。
A May 5, 2014 Consent Order, issued earlier by this same court, noted that Scott invoked the name of his entity Stewardship Financial Exchange when pursuing pool participants. He is accused of guaranteeing returns of 2-5% a month for participants that signed up for six months.
The Order found that instead of trading the funds of pool participants, Scott misappropriated a chunk of the money into his corporate and personal accounts and then used the cash to cover his own spending. He also took participants’ money to pay supposed interest and principal to participants, much like in aPonzi scam.
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