Sunday, 28 December 2014
Last updated 3 days ago
Oct 31 2008 | 10:27am ET
A Virginia commodity pool operator has been found guilty of defrauding investors. Ted James Johnson, of Pearisburg, was convicted of 37 counts following a three week trial for running an illegal commodity pool.
Johnson was found guilty of embezzling commodity pool funds, acting as an unregistered commodity pool operator, and other criminal counts, including mail fraud, wire fraud, money laundering and securities fraud.
In July 2007, Johnson and his partner, Frank Graham Farrier, were charged in connection with a multi-million dollar Ponzi scheme related to commodity futures. Earlier this month, Farrier pleaded guilty to mail fraud, conspiracy to launder money, securities fraud and being an unregistered commodity pool operator, and agreed to forfeiture of his assets.
The maximum penalty faced by Johnson and Farrier is 85 years imprisonment and a fine of more than $4.5 million.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.