Former CBOE Member Fined $21.8m for Fraudulent Activities in Ponzi Scheme

[kreslik.news]

The US Commodity Futures Trading Commission (CFTC) has obtained a $21.8 million default judgment against Alvin G. Wilkinson and his entities, Chicago Index Partners (CIP) and Wilkinson Financial Opportunity Fund (WFOF), in connection with a commodity pool fraud which victimised 30 investors.

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Wilkinson, a former member of the Chicago Board Options Exchange (CBOE), who had served in a leadership capacity, is reported to have misappropriated pool funds, fraudulently solicited pool participants, issued false statements to customers and provided false financial information to the National Futures Association ... (read more)