The CFTC charged Christopher Valois, Cynthia Wong, and their companies, Bertram Trade LLC (Bertram) and Churchhill Commodities Trading LLC (Churchhill), all of Orange County California with fraud alleging the couple stole more than $300K from their investors. A court order was filed today freezing the couple's assets. The fraud was allegeldy contained to six investors, some of whom were seniors. The precious metals and futures investments offered to investors were actually illegal, off-exchange instruments. According to the complaint, this is the second time Valois has been banned from the futures industry for cheating and defrauding customers.
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