Shipkevich Bitcoin and ICO Attorney

Enforcement Actions

Felix Shipkevich March 25, 2010

The CFTC obtained more than $4 million in restitution and civil monetary penalties in an order entered by the U.S. District Court for the Northern Division of Georgia against defendants Lake Dow Capital, LLC and Ty Edwards in CFTC v. Lake Dow, LLC, et al., a CFTC enforcement action filed in October 2005. The CFTC’s complaint charged Lake […]

Felix Shipkevich March 24, 2010

The CFTC obtained $260,000 in civil monetary penalties and equitable relief in separate federal judgment orders against Steven Leigh Shakespeare and his company, Guardian Futures, Inc., an Austin, Texas introducing broker, in a CFTC anti-fraud action.

Felix Shipkevich March 9, 2010

The NFA has taken an emergency enforcement action against IAG Capital Management, LLC (IAG), William P. Kelly and Timothy M. Murphy. IAG is a commodity pool operator located in Weston, Connecticut. Kelly is a current principal and associated person (AP) of IAG while Murphy is a former principal and AP of IAG. NFA has taken this Member Responsibility […]

Felix Shipkevich December 16, 2009

The CFTC announced that it obtained more than $6.75 million in civil monetary penalties and equitable relief in a court order against American Derivatives Corp. (ADC), Brokerage Management Corp., Layne D. Gerstel and Devereaux D. Booth, all of Atlanta, Ga., and David N. Mittler of Aventura, Fla. The consent order of permanent injunction, entered on […]

Felix Shipkevich December 9, 2009

The CFTC obtained $82,600 in civil monetary penalties and equitable relief in a federal court consent order against Dawn Musorofiti, of Brooklyn, N.Y. The order resolves a CFTC enforcement action filed in 2005 that charged Musorofiti with commodity fraud (see the 2005 complaint). The order finds that, between July, 2003 and September, 2004, Musorofiti solicited funds […]

Felix Shipkevich November 25, 2009

A federal court in Oklahoma City entered a restraining order against defendants Kenneth W. Lee, Simon Yang, Prestige Ventures Corp. and Federated Management Group Inc. The court’s order freezes assets controlled by the defendants, protects records and appoints a temporary receiver to locate and marshal assets for return to defrauded customers. The order stems from […]

Felix Shipkevich September 30, 2009

The CFTC announced it obtained an emergency court order freezing assets held by defendants M25 Investments, Inc., M37 Investments, LLC, Scott P. Kear, Sr., Jeffrey L. Lyon, and David G. Seaman.The court’s order stems from a CFTC anti-fraud enforcement action filed on September 29, 2009, in the U.S. District Court in Dallas, charging the defendants […]