The Commodity Futures Trading Commission (CFTC) is near to the end of its action against Dro Kholamian and his company, Blue Star Trading, LLC. This becomes clear from a proposed consent judgment submitted at the Illinois Northern District Court on February 25, 2022.
The document, seen by FX News Group, outlines the proposed penalties to be imposed on the defendants. If entered by the Court, the judgment will settle all the charges alleged in the complaint against the defendants without a trial.
Let’s recall that this case was brought by the CFTC back in 2018. The CFTC complaint charged that the defendants fraudulently solicited potential clients to trade leveraged off-exchange Forex and commodity futures contracts through accounts they would manage. Blue Star and Kholamian did not trade all of the clients’ funds as represented and, instead, misappropriated those funds.
The CFTC Complaint also charged the defendants with registration violations. Records indicate that Kholamian had an affinity in the Armenian community with at least some of the individuals.
The proposed consent order, inter alia, directs Kholamian to pay restitution in the amount of $227,000, jointly and severally, with Blue Starwith this sum payable to the Forex or commodity interest clients. Also, the defendants will have to pay, jointly and severally, a civil monetary penalty in the amount of $150,000.
According to the Complaint, beginning in at least January 2013, the defendants fraudulently solicited and accepted at least $775,000 from individuals with whom Kholamian was acquainted through his local Armenian community, and overall possibly more than $1.9 million from more than 30 clients.
Kholamian, a long-time commodity trader and former floor broker, claimed that he would manage individual trading accounts for clients to trade forex and commodity futures contracts, generating for them a 10-20 percent profit on a $25,000 investment within one year, and that clients could withdraw their funds at any time, without penalty.
After his clients opened and funded their trading accounts, Kholamian assured them that that their investments were “doing well” and were on target to make the projected 20 percent return after one year. In fact, Kholamian did not trade on their behalf as promised. Instead, the Defendants misappropriated most of his clients’ funds, using those funds to pay personal expenses such as medical bills and business expenses, to make cash withdrawals and to pay other clients in the manner akin to a Ponzi scheme.
As part of his scheme, when clients demanded to withdraw their funds, Kholamian ignored their demands and lied about trading conditions that purportedly prevented him from making disbursements, claiming, for instance that he was “tied up in trades.” Eventually, when confronted with persistent demands from clients for the return of their money, Kholamian issued two $25,000 checks from his Blue Star bank account to clients, knowing that they could not be paid due to insufficient funds.
The proposed consent order requires Court approval.
Thank you very much for sharing, I learned a lot from your article. Very cool. Thanks. nimabi
best antihistamine decongestant combo is claritin stronger than benadryl prescription vs over the counter
really strong sleeping pills buy phenergan without prescription
deltasone 5mg canada oral prednisone
best medicine for heartburn relief purchase rulide
popular prescription acne medication order generic prednisone 40mg prescription acne medications brand names
allergy over the counter drugs zaditor pills best allergy medicine for itching
natural way to eliminate gerd order generic glimepiride 4mg
isotretinoin 40mg cheap buy accutane 10mg without prescription buy accutane for sale
strongest non prescription sleeping pills purchase provigil sale
buy amoxil for sale amoxicillin for sale amoxicillin canada
zithromax 500mg uk buy zithromax for sale zithromax 250mg pill
gabapentin buy online buy neurontin
Szpiegowskie telefonu – Ukryta aplikacja śledząca, która rejestruje lokalizację, SMS-y, dźwięk rozmów, WhatsApp, Facebook, zdjęcie, kamerę, aktywność w Internecie. Najlepsze do kontroli rodzicielskiej i monitorowania pracowników. Szpiegowskie Telefonu za Darmo – Oprogramowanie Monitorujące Online. https://www.xtmove.com/pl/
order azithromycin 250mg for sale buy azithromycin for sale generic azithromycin
furosemide price buy furosemide pill diuretic
buy omnacortil 20mg generic omnacortil 20mg brand omnacortil 10mg pill
generic deltasone 5mg order prednisone 5mg online
buy amoxicillin 500mg generic amoxil us amoxil without prescription
buy acticlate buy monodox
generic ventolin 4mg ventolin inhalator price buy albuterol online cheap
order augmentin 1000mg sale oral augmentin 625mg
levoxyl buy online levothroid generic purchase levoxyl for sale
levitra 10mg brand levitra 20mg oral
order clomid 100mg generic clomid where to buy buy serophene pills
buy generic tizanidine 2mg buy generic tizanidine 2mg tizanidine over the counter
semaglutide 14mg tablet semaglutide 14 mg generic semaglutide 14mg usa
order prednisone pill deltasone 5mg us deltasone 5mg cheap
rybelsus 14mg drug buy rybelsus online cheap buy rybelsus generic
accutane 10mg brand order accutane pill order absorica without prescription
amoxicillin cheap cheap generic amoxil amoxil 1000mg pills
albuterol 2mg without prescription purchase ventolin inhalator online albuterol sale
generic zithromax 500mg zithromax canada generic azithromycin 250mg
order generic augmentin cheap amoxiclav amoxiclav for sale online
order prednisolone omnacortil 20mg generic how to get omnacortil without a prescription
buy synthroid 150mcg buy generic levothyroxine over the counter synthroid 75mcg pill
gabapentin pill generic neurontin 100mg buy neurontin 100mg online cheap
purchase clomid generic serophene online clomiphene 100mg price
Mobile Phone Monitoring App – hidden tracking app that secretly records location, SMS, call audio, WhatsApp, Facebook, Viber, camera, internet activity. Monitor everything that happens in mobile phone, and track phone anytime, anywhere. https://www.mycellspy.com/
buy furosemide 100mg generic order furosemide 100mg generic furosemide over the counter
real viagra sites cheap sildenafil online order sildenafil 50mg
acticlate ca buy doxycycline paypal doxycycline 200mg over the counter
buy rybelsus pill semaglutide 14 mg ca rybelsus 14 mg drug
best play money poker sites free online poker games poker sites
levitra 20mg oral levitra 20mg brand brand vardenafil 10mg
purchase pregabalin for sale order lyrica 75mg pills buy generic pregabalin online
order plaquenil pills hydroxychloroquine pill buy plaquenil without a prescription
triamcinolone cost order triamcinolone 4mg pills order triamcinolone 10mg without prescription
buy tadalafil 40mg online cialis coupons cialis for sales
buy desloratadine 5mg generic order clarinex 5mg sale brand clarinex 5mg
order claritin loratadine price claritin us
cenforce uk cenforce for sale online cenforce sale
buy chloroquine generic how to get aralen without a prescription buy chloroquine online cheap
order priligy sale order dapoxetine 60mg without prescription misoprostol order online
buy orlistat 120mg online cheap orlistat 60mg canada buy diltiazem pills for sale
buy cheap generic glycomet glycomet 1000mg for sale glucophage 500mg without prescription
zovirax 800mg uk buy zyloprim paypal buy zyloprim no prescription
norvasc buy online order generic norvasc norvasc 5mg usa
order rosuvastatin online cheap ezetimibe price buy zetia sale
purchase zestril online cheap prinivil generic zestril 5mg generic
buy domperidone 10mg pills buy domperidone 10mg pills tetracycline pills
prilosec oral prilosec 20mg without prescription purchase prilosec generic
cyclobenzaprine order online order baclofen 10mg online cheap lioresal for sale online
order lopressor 100mg online buy lopressor without prescription order lopressor 50mg online
order toradol online colchicine 0.5mg pill colcrys price
atenolol order generic atenolol order atenolol 50mg generic
medrol uk medrol 16 mg pills buy depo-medrol without a prescription
inderal order online inderal 20mg without prescription buy plavix pill
pay for assignments online essay writing buy essays for college
buy methotrexate 2.5mg pills methotrexate 2.5mg sale buy medex tablets
buy generic reglan over the counter buy cozaar no prescription cozaar where to buy
purchase mobic online celecoxib 100mg over the counter celecoxib price
order esomeprazole 20mg online cheap order esomeprazole 20mg online order topamax 100mg online
tamsulosin 0.2mg uk celebrex price celecoxib 100mg cheap
buy imitrex for sale sumatriptan 25mg us order levaquin pill
zofran usa spironolactone 100mg ca generic spironolactone
buy dutasteride medication avodart 0.5mg sale zantac pills
simvastatin 10mg us simvastatin medication order valtrex 1000mg for sale
ampicillin uk purchase penicillin pills how to buy amoxil
purchase finasteride proscar 5mg sale order generic fluconazole 200mg
baycip usa – keflex 125mg price augmentin 625mg over the counter
buy ciprofloxacin 1000mg pills – ethambutol 600mg pills buy amoxiclav sale
buy metronidazole pills for sale – buy generic flagyl order zithromax 250mg
cost ciplox – tinidazole 500mg ca buy erythromycin medication
valtrex online order – buy starlix 120mg sale buy zovirax no prescription
ivermectin 6mg for humans – purchase aczone pills sumycin price
metronidazole usa – cleocin 150mg us buy azithromycin online
Reclaiming what’s yours shouldn’t be troublesome. That’s why our process is straightforward and open.
Just provide us with some basic information, and we’ll take
care of the rest.
Don’t allow a simple mistake prevent you from your funds.
It’s our mission to ensure the return of every dime.
ampicillin pills doxycycline pills buy amoxicillin tablets
order lasix online cheap – buy atacand pill purchase capoten online cheap
buy glucophage 1000mg online cheap – cefadroxil 500mg pills where can i buy lincomycin
retrovir pills – avalide over the counter allopurinol 300mg uk
buy cheap clozapine – order accupril 10 mg pills buy famotidine 20mg
quetiapine brand – cheap bupron SR online where to buy eskalith without a prescription
purchase atarax sale – buy escitalopram 10mg order endep 10mg generic
order clomipramine 50mg pill – pill tofranil 25mg order generic sinequan 75mg
buy amoxil medication – trimox 250mg oral purchase cipro sale
clavulanate without prescription – buy ampicillin generic cipro 1000mg pill
purchase cleocin generic – vantin price chloramphenicol buy online
brand zithromax – order tinidazole 300mg sale buy ciprofloxacin 500 mg pill
order albuterol inhalator for sale – purchase phenergan generic theophylline for sale online
buy stromectol for humans – oral stromectol cost cefaclor online
desloratadine 5mg for sale – desloratadine 5mg drug purchase ventolin inhalator for sale
depo-medrol online buy – montelukast 5mg us buy cheap generic azelastine
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
micronase online – buy dapagliflozin 10 mg generic order forxiga 10 mg pills
purchase glucophage without prescription – brand acarbose 25mg precose price
order terbinafine generic – how to get forcan without a prescription buy grifulvin v generic
semaglutide 14 mg price – buy rybelsus 14 mg generic order desmopressin for sale
cheap nizoral 200 mg – purchase butenafine online cheap order sporanox
purchase lanoxin sale – purchase trandate where to buy lasix without a prescription
order famciclovir without prescription – order acyclovir 800mg for sale purchase valaciclovir pill
buy microzide 25mg generic – order generic norvasc how to get zebeta without a prescription
metoprolol 100mg pills – telmisartan drug adalat 30mg usa
buy nitroglycerin medication – lozol price cost valsartan
crestor online south – caduet forth caduet online fleet
simvastatin jack – simvastatin roll generic atorvastatin 40mg
viagra professional block – viagra gold online ankh levitra oral jelly online best
priligy jaw – suhagra together cialis with dapoxetine principal
cenforce yellow – zenegra upon brand viagra online recollect
brand cialis example – zhewitra dust penisole rid
cialis soft tabs online shore – valif pills letter viagra oral jelly online handkerchief
brand cialis drawer – brand levitra sign penisole control
cialis soft tabs pills hammer – cialis super active online rabbit1 viagra oral jelly online hill
cenforce online study – brand viagra pills deserve brand viagra lazy
acne treatment flare – acne treatment drug acne medication wave