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CFTC Charges New York Man with Misappropriating Over $21 Million in Commodity Pool Scheme
The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of California charging William Koo Ichioka, a New York City resident, with fraudulently soliciting and misappropriating more than $21 million from over 100 commodity pool participants’ funds. Ichioka does not contest his liability on the CFTC’s claims, and has agreed to the entry of a proposed consent order of judgment admitting his liability on the charges in the complaint. In its continuing litigation, the CFTC seeks full restitution to defrauded pool participants, a civil ... (full story)