Federal Court Orders Managed Fund and CEO to Pay More Than $17.2 Million in a Commodities Fraud Scheme
October 15, 2019
October 15, 2019
WASHINGTON, Oct. 15 -- The Commodity Futures Trading Commission issued the following enforcement news release:
The U.S. Commodity Futures Trading Commission today announced a default judgment was entered on October 3rd against defendants Fabio Bretas de Freitas, of Miami, Florida, and Phy Capital Investments LLC, a registered commodity pool operator and commodity trading advisor, for fraud and misappropriation of client funds.
The judgment orders the defendants to pay . . .
The U.S. Commodity Futures Trading Commission today announced a default judgment was entered on October 3rd against defendants Fabio Bretas de Freitas, of Miami, Florida, and Phy Capital Investments LLC, a registered commodity pool operator and commodity trading advisor, for fraud and misappropriation of client funds.
The judgment orders the defendants to pay . . .