CFTC asks Court to impose $9.2M fine on Long Leaf founder
The CFTC moves the Court to impose a civil monetary penalty of $9.25 million on Timothy Evans, founder of Long Leaf Trading Group.
The CFTC moves the Court to impose a civil monetary penalty of $9.25 million on Timothy Evans, founder of Long Leaf Trading Group.
Michael Nascimento has been sentenced to an additional almost four years in prison for failing to pay a confiscation order made against him.
Mark Lisser ran Knightsbridge Capital Partners, which operated at least two boiler rooms, through which Lisser raised approximately $2.1 million.
From April 2019 to December 2020, the defendants laundered more than $8 million from at least 140 investors in a large-scale boiler room scheme.
The SEC charges seven individuals for acting as unregistered brokers in connection with widespread boiler room activity.