On February 16, 2012 U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained federal court consent orders resolving its remaining claims against defendants Robert D. Watson and Daniel J. Petroski, both of Houston, Texas, PrivateFX Global One Ltd., SA, and 36 Holdings Ltd. Global One, a corporation formed in Panama, and 36 Holdings are under the control of a court-appointed receiver, Thomas L. Taylor III. The consent orders, both entered on February 2, 2012, by the U.S. District Court for the Southern District of Texas, stem from a CFTC complaint filed in the same court on May 21, 2009, charging the defendants with operating a multi-million dollar fraudulent off-exchange foreign currency (forex) scheme (see CFTC Press Release 5661-09, May 26, 2009).

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