The U.S. Commodity Futures Trading Commission (CFTC) announced an emergency order freezing the assets of Jerry Stauffer in Traverse City, Michigan. Stauffer is being charged with fraudulently soliciting almost $1 million from members of the public to trade in the forex (FX) market through a commodity pool. The pool guaranteed participants a monthly ROI based on profits. The charges allege that Stauffer prepared and distributed false account statements showing high profits while pocketing the funds raised for his own use.
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