{"id":3092,"date":"2014-04-07T00:00:00","date_gmt":"2014-04-07T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/cftc-shuts-down-another-florida-ponzi-scheme\/"},"modified":"2017-12-22T14:33:16","modified_gmt":"2017-12-22T19:33:16","slug":"cftc-shuts-down-another-florida-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/cftc-shuts-down-another-florida-ponzi-scheme\/","title":{"rendered":"CFTC Shuts Down another Florida Ponzi Scheme"},"content":{"rendered":"<\/p>\n

In March 2014,\u00a0the U.S. Commodity Futures Trading Commission<\/a> (CFTC) obtained a supplemental Federal Court Order against Queen Shoals Consultants, LLC (\u201cQSC\u201d) and others to jointly pay in excess of five million dollars in penalties for defrauding customers in a currency or Forex trading scheme.\u00a0 None of the Defendants were registered with the National Futures Association<\/a> or the CFTC<\/a>.\u00a0 The Judge initially entered a permanent injunction finding that the Defendants defrauded customers in the Forex scheme and ordered the Defendants to pay restitution, amongst other sanctions.<\/p>\n

According to a Court Order, a website \u201clured customers by claiming QSC and others had a \u2018vast background in financial services\u2019 with over 20 years of experience in financial services and a staff of experts ready to assist customers.\u201d In truth, the Defendants were not experienced Forex traders and any promises or guarantees about profits were not true.\u00a0 In fact, there were no Forex accounts and the investors were the victim of a Ponzi scheme.<\/p>\n

If you have been the victim of a Forex or commodities<\/a> trading scheme and would like to discuss your legal rights, contact the Silver Law Group<\/a>.\u00a0 We represent investors on a contingency fee basis in FINRA arbitration<\/a>, NFA arbitration<\/a> and state or federal court.\u00a0 Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com<\/a> or Toll Free at (855) 755-4799.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

In March 2014,\u00a0the U.S. Commodity Futures Trading Commission (CFTC) obtained a supplemental Federal Court Order against Queen Shoals Consultants, LLC (\u201cQSC\u201d) and others to jointly pay in excess of five million dollars in penalties for defrauding customers in a currency or Forex trading scheme.\u00a0 None of the Defendants were registered with the National Futures Association […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[600,588,613,593],"tags":[539,131,287,540,376],"class_list":["post-3092","post","type-post","status-publish","format-standard","hentry","category-commodities","category-finra-arbitration","category-nfa-arbitration","category-ponzi-schemes","tag-commodities-2","tag-finra-arbitration-2","tag-investment-fraud-2","tag-nfa-arbitration-2","tag-ponzi-schemes-2"],"yoast_head":"\nCFTC Shuts Down another Florida Ponzi 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