CFTC finds trader liable for $32 million
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The businesses, the International Funding Association and Global Management Group, from Arizona, and Cambridge Global Group, were fined $32 million.
The fines amount to the settling of a debt that was raised when Holt was initially found guilty of defrauding customers in 2003.
Gregory Mocek, director of the CFTC's division of enforcement, said the case demonstrates the high priority placed on pursuing "foreign currency swindlers" and freezing their assets to give back to retail victims. However
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