On November 09, 2011 U.S. Commodity Futures Trading Commission (CFTC) announced that the filing of a complaint in the U.S. District Court for the Northern District of Texas, against GID Group, Inc., a Texas corporation, and its agents and officers, brothers Rodney and Roger. The defendants, both of Grand Prairie, Texas, were charged with operating a fraudulent off-exchange foreign currency ‘Ponzi” scheme in which they solicited and accepted approximately $5.5 million. On November 8, 2011, the Honorable Barbara M. G. Lynn of the U.S. District Court of the Northern District of Texas, entered a restraining order freezing the defendants’ assets and prohibiting the destruction of all books and records.

The original article can be found at U.S. Commodity Futures Trading Commission.