Federal Court Orders Randall L. Stuckey and His Companies To Pay $250k Penalty For Forex Fraud

Federal Court Orders Randall L. Stuckey and His Companies To Pay $250k Penalty For Forex Fraud

  • Posted Thursday, July 19, 2012 -
  • Share |

Federal Court in Missouri Orders Randall L. Stuckey and His Business Entities to Pay a $250,000 Penalty to Settle CFTC Forex Futures Fraud ActionIn related criminal action, Stuckey sentenced to 36 months imprisonmentWashington, DC The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 11, 2012, Judge Carol E. Jackson of the U.S. District Court for the Eastern District of Missouri entered a judgment imposing a $250,000 civil monetary penalty against defendants Randall L. Stuckey and his Missouri-based business entities, Stuckey Group, L.P., Stuckey Group II, L.P. and Oakwood Development Company, L.P. The order also imposes permanent trading and registration bans against the defendants. The order stems from a CFTC complaint filed on February 18, 2011, that charged the defendants with operating an illegal off-exchange foreign currency (forex) scheme (see CFTC Press Release 5990-11, February 22, 2011).

view original article