A federal judge has ordered two Pompano Beach, Fla., companies and their principal to pay $16.4 million in fines and restitution for defrauding at least 930 investors in a commodity options scam. The penalties came in a consent order issued by U.S. District Judge Joan Lenard in Miami against Liberty Financial Trading, its successor Liberty Real Assets Investment and Ted L. Romeo on a civil complaint filed in 2004 by the Commodity Futures Trading Commission. The defendants have not been charged criminally.
May 14, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal judge has ordered two Pompano Beach, Fla., companies and their principal to pay $16.4 million in fines and restitution for defrauding at least 930 investors in a commodity options scam.
The penalties came in a consent order issued by U.S. District Judge Joan Lenard in Miami against Liberty Financial Trading, its successor Liberty Real Assets Investment and Ted L. Romeo on a civil complaint filed by the Commodity Futures Trading Commission in 2004.
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