Posts By: Caseadmin

The Commodities Futures Trading Commission has recently sued Monex and certain affiliates and principals for commodities fraud. The Commission alleged that Monex defrauded thousands of retail customers throughout the United States out of hundreds of millions of dollars while executing tens of thousands of illegal, off-exchange retail transactions in precious metals such as gold, silver,… Read more »

Monex Allegedly Executed Illegal, Off-exchange Leveraged Commodity Transactions and thus Allegedly Defrauded Thousands of Retail Customers Monex Deposit Company, Monex Credit Company, and Newport Services Corporation (collectively, Monex), and Monex’s principals Louis Carabini and Michael Carabini allegedly executed illegal, off-exchange leveraged commodity transactions and thus allegedly defrauded thousands of retail customers, according to Reports from… Read more »

On September 6, 2017, the Commodities Futures Trading Commission (CFTC) filed fraud charges and an motion for asset freeze, injunctive relief, and appointment of a monitor against Monex, in connection with the allegedly fraudulent precious metal investment program allegedly orchestrated by Monex, Louis Carabini, and Michael Carabini through the Atlas leveraged trading platform. The CFTC alleged… Read more »