Latest news in today’s FOREX market is that the U.S Federal court issues emergency order for freezing Linton of Tucson, Ariz’s assets and preserving books and all other records.

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) states today that it has forced to freeze the Linton’s assets and preserving books and all other records by an emergency federal court order. Anthony Eugene Linton of Tucson, Ariz is a private FOREX trading pool.

CFTC also states that court’s order also prohibits for immediate access to destruction of Linton’s books, records and grants. By a CFTC enforcement action filled on January 11, the order stems in the U.S. District Court for the Arizona states, that Linton misappropriates customer’s funds in connection with Ponzi scheme and also involving off-exchange foreign currency trading, it charging Linton with Frauds and misappropriation of funds. According to CFTC inspection and scrutiny, Linton fraudulently accepted and solicited at least $650,000 from at least 18-20 customers for the purpose of “Off Exchange Trading” from October 2007 to Present. According to complaint by customers “Linton made fraud with us and have received 100% annual return on our investment amounting $650,000 in the Private Trading Pool since October 2007 to till date”. They also state that “He developed software for trading system that allowed customers to “profit every time” from his FOREX trades”.

There are not any risks associated with FOREX trading through “Private Trading Pool”, stated by Linton. He also stated that customer funds into Private Trading Pool were accessible within 24 hours of a requested redemption and customer could receive profits by monthly check. However FOREX Trading used by Linton with customer funds resulted in consistent net losses and in aggregate he forced to do fraud with customers because he lost more than 90% of the funds traded.

CFTC Charges Anthony Eugene Linton with Operating a Forex Ponzi Scheme -