CFTC sues California gold dealer Monex in fraud scheme

Section:

From Reuters
Wednesday, September 6, 2017

WASHINGTON -- The U.S. Commodity Futures Trading Commission said today it filed a civil lawsuit against California-based gold dealer Monex Deposit Co. in what it called the biggest-ever retail precious metals fraud enforcement action brought by the regulator.

The CFTC alleges that Monex, deploying high-pressure sales tactics, deceived thousands of retail customers who lost a total of $290 million in connection with illegal, off-exchange leveraged precious metals transactions. ...

... For the remainder of the report:

https://in.reuters.com/article/cftc-enforcement/cftc-sues-california-gol...



ADVERTISEMENT

A Network of Bullion Dealers Who Bid for Your Business

With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you’ll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.

Click here to learn more:

http://www.hardassetsalliance.com/go/v34pm4/GAT



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16