CFTC – Precious Metals and Diamonds Anti-Fraud Action

The Commodity Futures Trading Commission (CFTC) announced a Consent Order against Defendants Jeffrey Slemmer, Christian Dorrian, Adam Roth, and their former respective Florida companies, finding that the defendants fraudulently solicited customers in connection with precious metals and diamonds transactions, misappropriated customer funds, and concealed their fraud with false account statements.

The Court’s Order arises from a CFTC enforcement action filed on May 31, 2016, charging the Defendants with fraud, engaging in illegal, off-exchange transactions in precious metals, and acting as Futures Commission Merchants without registering as such with the CFTC, as required.

Please find attached a link for the full story Precious Metals and Diamonds Anti-Fraud Action