CFTC Charges Colorado-based Flint-McClung Capital LLC and Sh
Posted: Thu Jun 30, 2011 5:02 pmCFTC Charges Colorado-based Flint-McClung Capital LLC and Shawon McClung with Fraud and Misappropriation in $1.9 Million Off-Exchange Foreign Currency Ponzi Scheme
Thu, 30 Jun 2011 15:03:00 -0500
The CFTC charged Flint-McClung Capital LLC of Englewood, Colo., and Shawon McClung of Denver, Colo., with fraud and misappropriation in an off-exchange foreign currency Ponzi scheme in which defendants allegedly fraudulently solicited and accepted at least $1.9 million from at least 10 commodity pool participants since March 2010.
http://links.govdelivery.com/track?type=click&enid=bWFpbGluZ2lkPTE0MDMzMjgmbWVzc2FnZWlkPVBSRC1CVUwtMTQwMzMyOCZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTEyNzY2NTIyNzMmZW1haWxpZD1qaW10YWtlZGFAZ21haWwuY29tJnVzZXJpZD1qaW10YWtlZGFAZ21haWwuY29tJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&100&&&http://www.cftc.gov/PressRoom/PressReleases/pr6063-11.html
Thu, 30 Jun 2011 15:03:00 -0500
The CFTC charged Flint-McClung Capital LLC of Englewood, Colo., and Shawon McClung of Denver, Colo., with fraud and misappropriation in an off-exchange foreign currency Ponzi scheme in which defendants allegedly fraudulently solicited and accepted at least $1.9 million from at least 10 commodity pool participants since March 2010.
http://links.govdelivery.com/track?type=click&enid=bWFpbGluZ2lkPTE0MDMzMjgmbWVzc2FnZWlkPVBSRC1CVUwtMTQwMzMyOCZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTEyNzY2NTIyNzMmZW1haWxpZD1qaW10YWtlZGFAZ21haWwuY29tJnVzZXJpZD1qaW10YWtlZGFAZ21haWwuY29tJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&100&&&http://www.cftc.gov/PressRoom/PressReleases/pr6063-11.html