A Graham businessman has been ordered to pay penalties and restitution of $5.5 million after pleading guilty to securities fraud and filing a false tax return.
James Harvey Mason was accused of soliciting and pooling at least $5.3 million from about 500 people to participate in an off-exchange foreign currency commodity pool and then misappropriating at least $600,000 of the funds.
Mason was accused by the U.S. Commodity Futures Trading Commission of telling clients that they were at no risk of…Miyerkules, Abril 29, 2015
Triad businessman ordered to pay $5.5M in securities fraud case
A Graham businessman has been ordered to pay penalties and restitution of $5.5 million after pleading guilty to securities fraud and filing a false tax return.
James Harvey Mason was accused of soliciting and pooling at least $5.3 million from about 500 people to participate in an off-exchange foreign currency commodity pool and then misappropriating at least $600,000 of the funds.
Mason was accused by the U.S. Commodity Futures Trading Commission of telling clients that they were at no risk of…
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