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CFTC asks Court to impose $66M fine on Infinity Q founder

The Commodity Futures Trading Commission (CFTC) is pushing for heavy penalties to be imposed on James Robert Velissaris.

The CFTC and Infinity Q founder James Velissaris agree that this case should remain stayed in its entirety.

The Court has granted the DOJ’s request to intervene and stay the CFTC action against Infinity Q founder James Velissaris.

James Velissaris engaged in scheme to defraud investors in two investment funds managed by Infinity Q Capital Management LLC.

The CFTC and the SEC file charges against Infinity Q founder James R. Velissaris for overvaluing investment funds by $1 billion.