US Court Orders Rodney Whitney and Nicholas Cox and Integra Capital Management To Pay $7M For Ponzi Scheme

US Court Orders Rodney Whitney and Nicholas Cox and Integra Capital Management To Pay $7M For Ponzi Scheme

  • Posted Friday, October 28, 2011 -
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North Carolina Federal Court Orders Rodney W. Whitney, Nicholas T. Cox, and Integra Capital Management, LLC, to Pay Over $6.9 Million for Ponzi Scheme Court permanently bars Whitney, Cox, and Integra Capital Management from commodities industry Washington, DC The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained federal court orders requiring Rodney W. Whitney of Thomasville, N.C., Nicholas T. Cox of Denton, N.C., and Integra Capital Management, LLC (Integra), which formerly operated out of High Point, N.C., to pay over $6.9 million in restitution, disgorgement, and civil monetary penalties. The orders, entered against Cox on October 27, 2011 and against Whitney and Integra on October 13, 2011, find that they defrauded investors in a commodity pool Ponzi scheme involving commodity futures and off-exchange foreign currency transactions.

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