Federal judge orders commodities trader to pay nearly $500 million

Dirksen courthouse

By Steven Porter Sanctions amounting to nearly half a billion dollars have been imposed upon an offshore commodity-pool operator who for years defrauded American investors, the U.S. Commodity Futures Trading Commission announced Wednesday. The penalty is the result of a 2012 civil complaint filed by the CFTC against Nikolai Battoo and his companies BC Capital […]