Federal Court Orders Illinois Man and His Entities to Pay Over $20 Million in Restitution and Penalties for Commodity Pool Ponzi Scheme
November 21, 2023
November 21, 2023
WASHINGTON, Nov. 21 -- The Commodity Futures Trading Commission issued the following enforcement news release:
The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered an order of final judgment against Chicago-based Phillip Galles and the various Tyche entities he controlled: Tyche Asset Management LLC, Tyche Master Fund Ltd, Tyche Asset Trade LLC, Tyche Offshore Fund Ltd., Tyche Onshore Fund LP, Tyche PML Master . . .
The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered an order of final judgment against Chicago-based Phillip Galles and the various Tyche entities he controlled: Tyche Asset Management LLC, Tyche Master Fund Ltd, Tyche Asset Trade LLC, Tyche Offshore Fund Ltd., Tyche Onshore Fund LP, Tyche PML Master . . .