CFTC and DOJ secure $18.5m in penalties over silver leasing fraud

The scheme promised more than 60 investors insured vault storage and fixed monthly returns, and left them with $8m in losses.

A federal court entered orders totaling almost $18.5m in restitution and civil penalties against several Florida individuals and companies for operating a fraudulent silver leasing investment program, concluding years of parallel civil and criminal litigation by the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ).

Silver Lease

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