1 post • Page 1 of 1
The US Commodity Futures Trading Commission (CFTC) today received a California federal judge’s blessing to fine bankrupt firm STA Opus and its founder more than US $4.5 million for the firm’s nearly 3-year fraud scheme.
Gerard Suite, the sole owner and operator of the unregulated investment pool, was ordered to pay $1,127,855 in restitution for defrauded participants and $3,383,565 in civil penalties. Today’s fines and penalties come on top of the $2.5 million that Gerard was ordered to pay last year, when he pled guilty to conducting business as an unregistered investment advisor in California.
A supplemental consent ... (read more)