Texan and His Company RNS Holdings Fined After Losing Over $14m

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5082
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Texan and His Company RNS Holdings Fined After Losing Over $14m

Postby kreslik.news » Mon Sep 19, 2016 8:28 pm


Raja Michael Mawad and his company RNS Holdings have been fined $398,000 for engaging in fraud and failing to file adequate annual reports for the firm. As the company’s owner and listed principal, the Texan from Houston has been engaged in numerous offenses which damaged the clients of a commodity pool he operated over $189,000.

The scheme has been unfolding for over six years with Mawad soliciting funds from a number of investors for a commodity pool.
Mawad and RNS Holdings have to pay a civil monetary penalty fine of $200,000 and $189,032.72 in restitution

RNS Holdings has become a restored Commodity Pool ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”