The U.S. Commodity Futures Trading Commission (CFTC) today announced
that the U.S. District Court for the Western District of North Carolina
entered an order of default judgment and permanent injunction against
Barki, LLC of Mint Hill, N.C.
The order, entered on September 30, 2011, stems from a CFTC
enforcement action filed on March 17, 2009 that charged Barki and Bruce
C. Kramer (Kramer) with fraudulent solicitation and misappropriation in a
$38 million leveraged foreign currency (forex) Ponzi scheme perpetrated
by Kramer (see CFTC New Release 5635-09, March 18, 2009).
Read full details on CFTC website.