CFTC Brings Charges on $2.5 Million Precious Metals Fraud

[kreslik.news]

A Florida couple and their company, North American Asset Management, LLC (NAAM), have been ordered to pay more than $1.6 million in penalties for alleged illegal, off-exchange precious metals transactions and registration violations.

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The U.S. Commodity Futures Trading Commission said Tuesday that Judge Jose E. Martinez of the U.S. District Court for the Southern District of Florida granted the CFTC’s motion for a final default judgement against the company and its owners Alexi Bethel and Steven Labadie, who also control and manage NAAM.

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