#trevor l. vernon

The post Argent Capital Founder Faces CFTC Charges Over Alleged $14 Million Fraud appeared on BitcoinEthereumNews.com. The Commodity Futures Trading Commission (CFTC) has sued Trevor L. Vernon and his firm, Argent Capital Management, over an alleged $14 million fraud involving a commodity pool that traded stock index futures, options, and crypto assets. The agency filed its complaint in the US District Court for the Western District of North Carolina. It accuses the two defendants of hiding heavy losses while telling investors their money kept growing. Inside the Alleged Crypto Fraud Scheme The complaint covers conduct from at least March 2022 through February 2026. Across that span, the defendants raised money from at least 60 participants, according to the filing. Vernon marketed himself as a skilled trader and claimed the pool was highly profitable. In reality, his trades resulted in steady and substantial losses, the CFTC alleges. The defendants sent monthly emails and quarterly up

The post CFTC sues North Carolina trader over $14 million commodity pool fraud appeared on BitcoinEthereumNews.com. U.S. Federal regulator, CFTC, has accused a North Carolina man of running a Ponzi-like scheme for almost four years, collecting more than $14 million from about 60 investors, some of whom trusted him with a large share of their savings. The Commodity Futures Trading Commission filed the civil complaint on Tuesday, according to a CFTC press release, naming Trevor L. Vernon and his firm Argent Capital Management LLC. According to the lawsuit, Argent Capital Management, a Delaware company based in Franklin, North Carolina, ran what the CFTC describes as a commodity pool. The pool put money into equity index futures, options on those futures, as well as crypto assets, the regulator said. The case landed in the U.S. District Court for the Western District of North Carolina. Fraud scheme with consistent losses Vernon pitched himself as a winning trader and marketed the commodit