U.S. Commodity Futures Trading Commission v. Southern Trust Metals, Inc. et al

Filing 281

ORDER FINDING DEFENDANT ROBERT ESCOBIO IN CONTEMPT re 195 Plaintiff's MOTION for Order to Show Cause why Defendant Escobio should not be held in contempt filed by U.S. Commodity Futures Trading Commission Signed by Senior Judge James Lawrence King on 3/18/2019. See attached document for full details. (jw)

UNI
TED STATES DI
STRI COURT
CT
SO UTH ERN DI
STRI OF FLORI
CT
DA
M I IDI SI
AM
VI ON
CASE NO. 1 1 CV: : 4- 22739JLK

U. COM M ODI FUTURES TRADI
S,
TY
NG
COM M I ON ,
SSI
Pli tf,
a n if

S
OUTHER T TME AL m C.
N RUS T Y ,

LORELEY OVERSEAS CORPORATI ,
ON
a ROBERT ESCOBI
nd
O,
Def nt .
enda s
ORDER FI NG DEFENDANT RO BERT ESCOBI I CONTEM PT
NDI
O N

THI M ATTER co esbef et Cour f l ng t Cour' Or rdieci Def nda
S
m
or he
t olowi he
ts de r tng e nt
Robe tEs obi t s
r c o o how ca e why he s d notbehel i c e
us
houl
d n ontmptf f lng t c pl wih
or aii o om y t

t Cour' Augus 29,201 Fi lJ dgm e ,whi h i pa to de e hi t pa f e tt i i t
he
ts
t
6 na u
nt c n r r r d m o y i siuton n he
r

t tla u to $15 38 2 mi in' DE 1 ,a 2 . Th Co r hed at - a h a ig o t
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l
m at ron Oct r 24 a 25,201 a ha consde e t e denc s it d by De e nt
te
obe
nd
8, nd s
i r d he vi e ubm te
f nda

Ro e t c b o(Es o i ' a d Pan ifCo di Fuu e Tr dn Co sin ($
b r Es o i i c b o' n litf mmo t tr s a ig mmiso ç
d
)
y
CFTC' .
'1
)
1. BACKGRO UND
A . Fac ualBackgr
t
ound

Th Untd Sae Co r ofAp e l f rt Elv nh Cic i,n afr n t j d me to
e ie tts u t
p as 0 he e e t ru ti fimig he u g n f
t Diti tCour, e a t a e t b kgr
he src
tr c piult d he ac ound oft sc s asf l :
hi a e olows

Es obi i t Chi Exe utveOfi r( ) ndlr s s r hol roft
c o s he ef c i fce CEO'a aget ha e de he
So hen Tr t Se ii Hol ng Cor ai ( di Cor ai . The
ut r us curtes di
porton Hol ng
porton)
lThi opi on cons iut t Courts fndi off ta concl onsoflw pur uantt Feder Rul of
s ni
tt es he
' i ngs ac nd
usi
a
s
o
al e

Ci lPr c d e5 ( )
vi o e ur 2 a .

Hol ng Com or ton ownsLor ly,aBrts Vigi I lndscom or ton,whi i
di
ai
ee
iih r n sa
ai
ch n
t n owns Sout r Tr t a Fl i cor ai Es obi f m e Sout r Tnlt
ur
he n us, orda por ton. c o or d
he n s
t pr vi c modii i t nts r c ,a hes r sasisdie t a CEO.
o o de om
tes nvesme e vi es nd e ve
t r c or nd
Sout r Tr t r pr en e t t i wa a e t f ciia e c t e s
he n us e es t d ha t s bl o a lt t usom r '
i sm e i pr i me al.Iswe ie a br hu e sa e t tc t e s Sa
nve t nt n ecous t s t bst nd oc r tt d ha usom r c n

tk p y ia po s sino Eh ijmeasi Ne Yo ko Lo d n.Thec mpa y'
a e h sc l se so f ter tl n w r r n o '
o n s
br r t d c t r m uc t s m e sor t tt c t e swe e pur ha i
oke s ol usome s
h he a
t y- ha he usom r r
c sng
me as so e i pl eslke Ne Yor London,a Hong Kong.Atlas one of
t l t r d n ac i
w
k,
nd
e t
Sout r Tr s ' br r t d c t r t Sout r Tr tc r d dt r gef s
he n u ts oke s ol usome s hat
he n us ha ge so a ee '
f t m eal.To ope ata ng a ounta Sout r Tr t cusome sc
or he t s
n r di cc
t
he n us, t r omplt d
ee

a a c u to n n f r c nann ln u g ta fp h sc l r co measc n
n c o n -pe i g o m o ti ig a g a e h t lj y ia p e ius tl a
et rbe de i r diecl t t c t
ihe
lve ed r ty o he usomersdesg t poi ofdelve y ort a
'
inaed nt
i r
o
r c z d de ior whi h pr de i u e non-eg e t d sor ge. Sout r
e ognie post y, c ovi s ns r d
s r ga e t a '
he n
Tr talo r pr e e t ti c d l n c t r mone t pur ha emet s
us s e es nt d ha t oul oa usome s
yo c s
al.
But Sout r Tr t di no i f c de i me a s i de t i m e as
he n us d t n a t al n t l ; t al n t l
de i i .Suc c ta t a e a t of de i tve i sm e .Sout n Tr t
rvatves
h on r c s r ype
rva i nve t nt
her us,
howe r wasnotr git e wih t CFTC asaf u e comm ison m e c nta
ve ,
e ser d t he
ut r s
si
r ha nd
t co d not tade m ea s dei tve on r git r d e ha s So Es o,
hus ul
r
tl rva i s
e se e xc nge .
cobi
t ough Lor l y,engag t f ei br r s Be kely Fut e Li t d a
hr
ee
ed wo or gn oke age - r e
ur s mie nd
Ha ecM a ke sLi ie t ha et ta a tons
nt
r t m t d- o ndl he r ns c i .
Es o o ne ta nga ount a Be kel a Ha e i Lor e sna e,
cobi pe d r di cc s t r ey nd nt c n ely' m
noti t na esofSout r Tr tsc t r .Thea ount we en ber d,a
n he m
he n us' usome s
cc s r um e nd
Sout n Tr tm ant i r or lnki is c t r t t s cii numbe e
her us i aned ec ds i ng t usome s o he pe fc
rd
account
s.

Ope ng t s a ount r quied Es o t r vi w do
ni he e cc s e r
cobi o e e
cume s de c i ng
nt s rbi
Ber l y' a Ha ec s i smentpr t . One ofHa e sac ountope ng
ke e s nd nt ' nve t
oduc s
nt c' c - ni
doc e t ,t S oductDic os e Stt m e t' e a ns t t S lon ta ng'
um n s he s
pr
s l ur a e n , xpli ha k i r di '
'
bul

i p rt si t es mema n ra fr ine h n eta i g'nt a Swq a y ua e
i eae n h a
o
n e s o eg xc a g rd n 'i h t û h t o r
l
a t lyb y igi a(l nr c'ta i eie i v lefo ' t h sc l d ryng
cual u sn s co ta t h ti rv s t au r m'a i y ia un eli
' d
s
p
a s t's a dloc Lond Gol ' Tha doc e ' k os a y' defnesC w
s e ' uch s sa o
on d.
'
t um nts ' s r ' i û oco
Gl
l

Lo d nGod'of a lno o l ta teg l i h l i Lo d nb tas t a t e
n o l't ' nl t ny h t h od s ed n n o u lo h t h
me
prc quot i f de i r t r ' Ele r t doc
ie
ed s or lve y he e.
' s whe e, he ument e ai t i
xpl ns hat n

' u l n ta ig' g- ne ld e jn td l rteph sc lu deli a s t (..
i li rdn , la t c ols o ei h y ia n ryng ses ie
b o
' l
ve
gol orsl r t you,a youha nolga rghtt i. TheBer l doc nt
d ive) o
nd
ve e l i o t'
'
keey ume s
sm ia l c
i lry onsr t t t a ount hol r i e
m ha he cc
de nt nds do s c a e i de i tve
t pe ult n rva i
t
pr t . Noneoft a c - ni doc
oduc s'
'
he c ountope ng ument m e i m a ng l n f t
s nton ki oa or he
pur has ofm e a s
c e
t l.
Afe s ti up t ta nga oun sa Be kee a Ha e Sout l Tr s
tr etng he r di cc t t r ly nd nt c, he' u t
n
s ntiscusome s'm one t Lor e whi i t n i ese t f ,t ough
e t
t r
y o ely, ch n ur nv t d he unds hr
Be kel y a H a ec i m e al de i tve . Es obi r c i d m o hl a count
r e nd nt , n t
r va i s
c o e e ve
nt y c
sa e e s s
tt m nt howi t t a 1i t nt we e i me a de i tve ,not metl .
ng ha 1 nvesme s r n t l rvai s
as
Thos s a e e sdo no r f e ta l nst Sout r Tr t sc t m e s
e t t m nt
t e l c ny oa o
he n us ' us o r .
Sou her Tr tne r i or
t n us ve nf med is c t
t usomer t tt rm one wa beng
s ha hei
y s i
t a f r d t Lor ey, Be ke e or H a e N or d d i i o m c t e s who
r ns er e o
el
r l y,
nt c.
i t nf r us om r

wih dt iveti meas(h g o c mp iigt ev s mao iyo isc so r)
s e o n s n tl t e rup o rsn h a t j rt ft u t mes
t tt rm one wasi t d b ng i s e i m eal de i tves Sout r Tr t
ha hei
y
nsea ei nve t d n t s rva i .
he n us
2

silc r d t e c t e si e e ton fc ii l ns whih i f s l t d t m
tl ha ge hos usom r nt r s
i ttous oa , c t ale y ol he
we em a i or rt f c lt t t i i sm e i me a s
r de n de o a iiae he r nve t nt n t l .
Afe r cevi a c
tr e i ng ompl i fom one of Sout r Tr ts c t
ant r
he n us' usomer ,t
s he
NFA ope d a i tga i Ar
ne n nvesi ton. ound t s tme,Es obi a ke Ber l y a
he ame i
c o s d ke e nd
Ha e a
nt c boutt na ur ofLo ely' i t e s Es obi c e d a ti t t
he t e
r e s nvesm nt . c o ont nde t ral ha
hedi s smpl t c s m hi unde san ng t tLor l wasi tngi m ea s
d o i y o ontr s
r t di ha
eey
nvesi n tl .
The CFTC mai ai howe r a t diti c r uli a ey co l d,t t
nt ned,
ve , nd he srct ou t tm t l ncude ha
Es obi ha done s i a ii ton ofltga i a t thehad ca e uly fame
c o d
o n ntcpa i
ii ton, nd ha
rf l r d
hi i rest ei i r s e t twoul s
s nquii o lct e pons s ha
d uppor t de e e he lt ra s re
t he f ns
a e s e tdt t he di notknow t thi cusome s'm o y wa beng i t i m e as
ha
d
ha s t r
ne
s i nvesed n t l
de i tves
rva i .
l r s e t Es obi si uiy,Han e sCEO s i $ c confr t t
n e pons o c o' nq r
t c'
ad: t an
1
im ha
yourhol a ount wih ust tonl ta SiverBuli ' Ha e sCEO c a ii d
d cc s t
ha y r de l
lon. nt c'
'
l rte
a hi de ii howeve ,t tSsive Buli 'i i ty lngo f de i tve
t s poston,
r ha i l r lon' s ndusr i
or rva i s
a t thecoul notha i e d a o he mea ngbe us ta ngi i
nd ha
d
ve nt nde ny t r ni
ca e r di n ' ial
physc
m eal i no s t ng t tHa e does'
t s s t ome hi ha nt c
.
'
A Be keeye pl
r l m oyeesm ia l r s
i l ry e ponde t Es o' i r wrtngt t
d o cobi s nquiy, ii ha
ialLor e a cou swih t pr i XI
'l
ely c nt t he efx LOR wer sl rbuli a ount' t t
e ive
lon cc s' ha

' ny ta e i OTC ( f-x h ng )sl e b l o a d n v rta e a f t rs
' l rd d n
o
o fe c a e iv r ul n n e e rd d ny u u e
i

con r c s' ButBe kee sCEO t tfe athi de ii t tBe kel had ne r
ta t .
'
r ly'
esiid
s poston ha r ey
ve
delve e m eal t a ofisc t e s i l ng Lor l y,norsor a m eal
i r d t s o ny t usom r , ncudi
ee
t ed ny t s
ont rbeha f Hea s t si dt t des t Es o' c r r a s ri hene
hei
l.
lo e tûe ha , pie cobi s onta y s e ton,
ver
t d Es obi t tt ta Be kel handld f Lor e woul l d t t sor ge
ol c o ha he r des r ey
e or ely
d ea o he t a
ofm e as
t l.
N o of Sout r Tr ts ive t e s ld t t delver of m e as
nc
he n us' n sm nt e o he i y
t l.
Ha e s CEO tsiid t the t d Es obi t t Ha e c d a r nge f t
ntc'
e tfe ha
ol c o ha nt c oul ra
or he
de i r of me a s but t t he di s onl i r s e t a que to abouta
lve y
tl,
ha
d o y n e pons o
si n
hypo he i l st ton. Ac or ng t Ha ec' CEO, Es obi i r d i t
t tca iua i
c di o nt s
c o nquie n he
a ta a
bsr ct boutHa ec' abiiy t ara dei r S tsa i r fom a cle .
nt s lt o r nge lve yl i ' n nquiy r
l
int

Ro e t Es o i lddno tl me t wo dlk t d l rmea. Hea ke me if
b r g c b o i t el , l ul i e o ei
ve tl'
s d ,l
1wa e t de i ram e a ,c n you a r ngei' and ls i tw tm ego fnd ou ,'
nt d o lve
tl a
ra
t'
?
ad, le
i
t''
Ha ec' CEO c i d:$ t l d t ,. oneofm y c t c sa Stnda d Cha t r d
nt s
ontnue i ake o .
1
on a t t a r
re e
ba who ga me i or ton a lwentba t Robe ta e a ne 't t
nk
ve
nf ma i nd
ck o
r nd xpli d' ha
Ha e c d a r nge dei r Thi r s
nt c oul r a
lve y,
s e pons wa me oralze i a lte t
e s m i i d n et r o
Es o,sa i t t'a y Gol or Sive yo pur has fom us i hel f yo
cobi ttng ha kn
d
l r u c e r
s d or ur
a ount a upon f l pa
cc
nd
ul ymentwe a e a e t a r nge de i r f you whe
r bl o ra
lve y or
n
r ue t d. Butt Def nda sne ras Hantc t a r nge de i r a no
eq se '
'
he
e nt ve ked
e o ra
lve y, nd
dei y e roc ured.
lver ve c r
TheNFA' i si ton e d i a s tlm e . Alhoug t NFA' a
S nve tgai nde n ete nt t
h he
S nd
t CFTC' i tga o sha c
he
S nvesi t r d ooper t wih e ch o he ,heri si tonswe e
aed t a t r t i nve tga i
r
i pende . The De e nt 's tlm e a e m e wih t NFA t e or doe
nde
nt
f nda s ete nt gr e nt t he
her f e s
notm e i t CFTC ort CFTC' i s i ton.
nton he
he
S nve tga i
A s t CFTC' i tga i m ove f w a d,t Def nda s con i
he
S nves i ton
d or r he
e nt
tnued t
o
pr e doc e s i r pons t isr que t. The De e n s'lwye sknew a
oduc
um nt n es e o t e s s
f nda t a r
t
t tm e oft NFA s tl ntt t CFTC m i brng isown enf c m e
he i
he
e teme hat he
ght i t
or e nt

3

a ton,butt y di no s
ci
he d t ugges t t CFTC ort an neelet ts h a a i n
t o he
o yo
s ha ue n cto
wo d vi aet i s tlme a ee ntwih t NFA,
ul ol t her e te nt gr me
t he
B. Proc
edur Bac ound
al kgr

l J y201 t CFTC fl isc
n ul
4,he
ies t ompl n ,s e nge tbl r le a pe lis
ait e ki quia e ei f nd nate
unde t CEA . Thecompl ntal st tt De e nt e ge i t ilgal
r he
ai lege ha he f nda s nga d n wo le
s he e ,whih we wilr e t a t ç e se ed-ut es s he e'a t
c m s
c
l ef r o s he i gitr f ur c m ' nd he
unr
f eal- rvai ss he '
i t s de i tve c me.
m
'
Ast t unr it r f ur ss he e t c pl ntal ge t t eve t
o he eg se ed-ut e c m , he om ai le s ha, n hough
t De e nt wer no r se edasf t escomm iso me c nt ,he ac eptd
he f nda s e t egit r
u ur
s i n r ha s t y c e
m o y fo c t
ne r m usomer who wihe t i s i f ur s Bec us t Def nt
s
s d o nve t n ut e .
a e he enda s
we eunr se e m or ove ,he c d notta f ur on ar se e e hange.
r
egit r d, e r t y oul
r de ut es
egitr d xc
They t e or s
her f e oughtt ta i r cl t o h i e m e a i . To t te t
o r de ndie ty, hr ug ntr di res
ha nd, he
De enda sf l d t c t m e s m o t ough Lor e t f e gn br ke a
f nt unne e he uso r ' ney hr
ely o or i
o r ge
fl - Be kely a Ha t - lce e t ta f ur s. Thos b oke age fr s
i'
ms
r e nd n ec i ns d o r de ut e
e r r
im
m a t a t i t nt .
de he c ual nvesme s
As t t m ealde i tve s he
o he
t - rvai s c me, t c pl nt al ge t t t
he om ai le s ha he
Def nda sa e e mone fom cusom e s who wihe t i ti m e aswih
e nt cc pt d
y r
t r
s d o nves n t l t
bo r
rowed m one Bu i t a ofi s ng l nst t e c t e s a i si
y. t nse d
s ui oa o hos usom r nd nve tng
t i m one i m e as, he De e nt t t cuso e s m oney a i se i
her
y n tl t
f nda s ook he t m r '
nd nve t d t
i m ealde i tve . No l
n t rva i s
oanse se butt Defndant c r d l n i e es
xit d,
he e
s ha ge oa ntr t
anyw ay.

Att es mmayj d me tsa eo t ec s ,h p risfldd ei mo in .
h u r -u g n tg f h a e te a t ie u l
e
ng to s

The diti tc .gr nt d t CFTC' moton i pa t hol ng t tt De e
src oul a e he
t
S i n r, di ha he f ndant
s
ha c
d onduc e of - ha
t d fexc nge ta a tons a ha f ie t r git as f ur
r ns ci
nd d a ld o e ser
ut e

c mmiso mec a s I d ne te De e d n s mo in i f l rj ci g ter
o sin rh nt. t e id h fn a t' to n ul, ee tn h i
atr tv d fns st a ( )t ers tlme twiht eFTA e utby e tp e t
fsmaie ee e h t 1 h i ete n t h
q ia l so p d he
CFTC fom brngi s ta ( t ya t lyd i rdmeal s a t brngt i
r
i ng ui nd 2) he cual elvee t s o s o i her
ta aci wihi an e e i t t CEA' r gitai r quie nt .
r ns tons t n
xc pton o he
S e sr ton e r me s
The CFTC' fa cli t pr e d t til Afe a be h ti ,t
S r ud a m hen oc ede o ra . tr
nc ral he
dititc tf
src our ound t t Def nda shad e
hat he e nt
ngage i fa or r d t m t pa
d n r ud, de e he o y
r tt i i t f la
esiuton n he ul mountoft c t
he usomer 'l s , nd i
s os cs a mpos d fnes Thecour
e i .
t

as p r n nl e j ie t Dee da t fo e o me ti t ec mmo iis
lo ema e ty n on d he fn ns r m mply n n h o d t e
ta ng i ty. On a
r di ndusr
ppea ,t Defnda sc l
l he e nt halenge t c tsr i bot o
he our' ulng h n

s mmayj d me t n a til
u r u g n a d t ra .
CFF v k F . t l, n . 8 4F,d l 1 ,1 1 -2 ( 1h Ci. 01 )
C .$ r Meas I c, 9 3 3 3 3 9 0 1 t r 2 8 .
l

Afe g a i s mmayj d me tf rte CFTC o t e is e o Es o i srgsr t n
tr rnt u r u g n o h
ng
n h su f c bo' e itai
o
vi a i ,a hol ng a t e da be ti l t Cour e er fndi off cta c usons
oltons nd di
hr e- y nch ra, he
t nt ed i ngs a nd oncl i

of1w t tEs obi c
a ha c o ommitd fa i vi ai oft Commodiy Exc ngeAc (( ' a
te rud n olton he
t
ha
t û ' nd
Act)

4

r g lto sp o lae b t eCFTC (e DE 1 6 . On Au u t2 ,2 6 t Co r e trd a
e uain r mug td y h
se
6)
g s 9 01 , he u t n ee

fn l u g n a an tEso oa dhi n w- eu c c r rt c d fnd n s( 1 7 .
s a j d me t g is c bi n s o d f n t o po ae o- ee a t DE 6 )
Alh u hEs oboa e ldt eFia J d me toteElv nhCic i( 1 6 , c bo'
to g c i pp ae h n l u g n t h e e t r ut DE 7 )Es o i s

mo in i tetil ou t n a p laec u tosa t e u g nt n i a p a we ed ne (e
to s n h ra c r a d p elt o r t ty h j d me pe dng p e l r e id s e
DE 1 5 DE1 4 .Th Elv n h Cic i a fr d t po t n o t efn l u g ntta a r e
7 ; 8 ) e e e t rut fime he ri f h ia j d me h t wa d d
o
$1543, i r tt i f t De e nt fa i c cton wiht lve a met ss he e
, 892 n esiuton or he f nda s' r ud n onne i
t he e r ged al c m

(e DE 257 ,S.Tr Meal,l .89 F. a 1
se
)
. t s nc, 4 3d t 332-35.
W hieEs o' a alwaspe ng,t CFTC fl d amoton f t Cour t is ar e
l cobi s ppe
ndi he
ie
i or he
t o s ue ul
ts
o how c us why Es obi s ul notbehel i c e f rf lngt pa t r tt i a r
a e
c o ho d
d n ont mpt o aii o y he esiuton wa d

e eed a i thi ( 1 , On Se e
ntr gans m DE 95)
ptmber20,201 a rextnsvebre ont smoton,
7, he e i iing hi i
t Cou tf
he
r ound t tEs o ha notc pled wih t Cour ' Fi J
ha cobi d
om i
t he
ts nal udgm e and is d a
nt
s ue n

Or e t S o Ca s ( 2 8 .Afe v ro smo i b Es o i (e ,eg, 2 7 , e rn o
d r o h w u e DE 2 ) tr a iu tc y c b o s e ..DE 3 ) h ai g n
ms
t mate washed on Oc obe 24a 25, 8.Es opai $3, t t r siutonf d i
he tr
l
t r nd 201
cobi d 525 o he e tt i und urng

t spe i ( 0/ 18Trns a 1 7- .
hi rod 1 24/ a . t 5: 22)
1 . LEGAL STANDARD
1

Cours ha i r ntpowe t e o c c
t ve nhe e
r o nf r e ompla e wih t i l ulor r t ough cvi
inc t her awf de s hr
il

c n e t S r S l w, 8 F. u p. d 1 2 1 2 ( D. a)( i de r o , . afd 3 6F.
o tmp . EC . o o 6 2 S p 2 31 , 3 4 S. F1. M d lb o ks J) f ', 9
,
App' 635( 1hCi. 0) pa t s e ngci lc e be st i ta bur nofpr ngby
x
1 t r 201 .A ry e ki vi ontmpt ar he niil de
ovi
ce r a c ncng e de e t tt ale d contmnorha vi aed a c tor r CFFC v
la nd onvi i vi nc ha he l ge
e
s ol t
our de .
.

Wèli onPr ci M eal,I .950F. 1 25,1 ( 1hCi.1 2)( rcu im)
lngt e ous t s nc,
2d 5 529 1 t r 99 pe ra .
Onc aprm a f c es
e i a i howi ofa vi aton ha be ma ,t bur n ofpr
ng
ol i
s en de he de
oducton s fs
i hit
t t a l ed c e nor t a l d c t m no m a def nd hi o he vi a i on t gr
o he leg ont m
; he lege on e r y e
s r r ol ton
he ounds

t ti i i
ha t s mpos i e f t a lged c e
sbl or he le
ont mnor t c
o ompl 1 The bur n s fsba k t t
y. d.
de hit c o he
i ta i pa t onl upon a s fci nts i by t alege c e nor 1
nii tng r y y
uf i e how ng
he l d ont m . d.
5

I or r t s
n de o how t t c planc wih a c ts or wa i pos i e t ale d
ha om i e t
our' der s m sbl, he l ge
c e
ont mnormus g beyond a m e e as e ton ofi biiy,a esabls t he o s m a d l
t o
r s ri
na lt nd t ih hat
r he de s l
a

r as bl e f t' t m e t t t ms of t c t or r
e ona e fors' o e he er
he our de .

The i l r as na e efors'
û e o bl f t'
al

r quie nti src l consr d;i i i ufi intt s
e r me s ti ty
tue t s ns fce o how t teforswe e m e e y i ubsa il'
ha f t r
r l i t nta ,'
s

' iie t' o i i o d fih' 1 M o e v r a d fn a ts s b e tv b lcs o itn ae
' l n , r n i o at . d. r o e, e e d n ' u j ci e eif r ne t r
d g '
g
'
ir e ntt t que tonofc empt FFC v fe n,61 1.d 1 ,1 ( 1hCi. 0)
relva o he si
ont .
. shi 8 73 221 233 1 t r 201 .
Gi n t esa r , s
ve hes t nda ds a howi t t hede e
ng ha t
f ndantwasuna et pa t e ier siuton
bl o y he ntr e tt i
a r i i ufi i t avoi con e ;i t ad,t de enda m us s
wa d s ns fcent o
d t mpt nse he f nt t how a i biiy t pa an
n na lt o y y

po t n o t ea u ti q e to Ac o d S v Gr e b r 1 5F. p 3d 1 4 ,1 3( D.
ri f h mo n n u sin. c r EC . e n e g, 0 Su p. 3 2 35 S.
o
Fl. 01 )( re J)
a 2 5 Hu ly, ..
11
1.

A NA LY SI
S

A.

Dee eOb e to t J idito
fns j cin o urs ci n

Co n e f rEs o o ag e t a teCo r lc j rs it nt c n u tt eRu et Sh w
u s l o c bi r u d h t h u ta ks u idci o o d c h l o o
o
Cau e evi nta y hea i bec us t ma t ha notye r ur fom t Elve h Cicui.
s
de ir
rng a e he ndae d
t et ned r he e nt r t
Thi m oto i m e il s Couns doesno ct a lw f t spr ii I i we ls tld t t
s i n s rtes .
el
t ie ny a or hi oposton. t s l ete ha

ac u t ean j rs ito t e f reiso d r pe dnga p a.S e eg.KigI sr me tCop.
o r r ti s u id cin o n o c t r e s n i p e l e , . , n n tu n r
v Ot iCop. 81 F. 1 1 ( d.Ci.1 (i ng apatal va atd da gea r
. ar r , 4 2d 560, 563 Fe r 987) fndi
rily c e ma wad

e oc a l d s t r ma o as p rt p rinof eit; meS vn so , SB. . ie
nfr e b e epi e nd n e a ae o to rle) Ho a ig fAm.F.. v Un td
e
S ae ,6 F d C1 1 7 1 2 ( 0 5 (1 efc,te F d rlCic i sv r d te c s wh n i
t ts 9 e . . 8 , 9 2 0 ) tn fe t h e ea rut e e e h a e e t
'
r ma d d, st eo l a p c o tec s whc r man f ro rds o iini t g o t nva ae
e n e a h ny s e t f h a e ih e is o u ip sto s he p ri c td
o
a drma d d .)
n e n e j' .
'

6

B.

D e e e C ont i Fi Judgm e N otC l
f ns
ent on nal
nt
ear
1. V agueness

Es o i ag e t a t esn lu g n wa v g ea da g o s a d alwe f rp ril
c b o r u s h t h a j d me t s a u n mbiu u , n lo d o a ta
p y n o t rsiu ina r Th fn l u g n sae u e u v c l S fn a ss lpa
a me t f he e t to wad. e i a j d me t tts n q i o al i e d nt hal y
t
y De

teRe ttto Obiain, u p s-u g ntnee twihntn( 0 d y o ted t ofh e ty
h si i n lg to pls o t d me itr s, t i e 1 ) a s f h ae te n r
u
j
oft s Or r'( 1 a 3) The Elve h Cic t by t opi on rnderd J y 1 201
hi de ' DE 67, t .
e nt rui, he ni e e ul 2, 8
a ir i t s Cour' Fi lJ
f m ng hi
ts na udgme ,Obvi l c l d t J
nt
ousy onc ude he udgm e wa ne t rva nor
nt s ihe gue
ambi
guous Thi de e ea g e i wihoutmert
. s f ns r um nt s t
i.
2. Par i lPaym e
ta
nt

Thepr son r ltngt pa ta payme ssa e onl t tt a e a eofpa ta pa e t
ovii e ai o ri l
nt t t s y ha he cc pt nc
ri l ym n
byt CFTC s lnotbede d awave ofEs obi soblgai t payt f l esiuton a r
he
hal
eme
i r
c o' i ton o
he ul r tt i wa d

(d a 7 .
i. t )
O n c os - m i ton by t de e e, c o t tfed a f l
r s exa na i
he f ns Es obi es ii s olows:

Q.

No sr d e t ej g n gv y ua atmai ema e o p yngb c
w, i, o s h ud me t i e o n l tv nn r f a i a k
e

A.

t sa r
hi wa d?
Yes i doe .I i udespa talpayme s a i t e pa ta pa nt i
, t s t ncl
ri
nt nd n hos ril yme s t
eve i udesdem i mi pa nt .
n ncl
ni s yme s

W h tl y u a trt ed t o ti j d me t Aug t2 ,2 6 who tl
o o d o fe h ae f h s u g n , us 9 01 ,
od
you aboutt pa ta pa
he ril ymen sp ovii ?
t r sons
A.

I a n'ra tef lu g n, b o sliwa u stln t ra i, t t
h d te d h ulj d me to viu l t s n etig o e d tbu a

m y de ii t CFTC,a t us t rwor ,Sa s a i tuctd
poston he
nd o e hel
ds idvied nd nsr e
me, t be n ma ng pa ta pa m e s
' o gi ki
'
ri l y nt .

Q.

Andi wel a tb B,ha' yourde ii tans rpt i t tcore t
f ook t a t ts
poston r ci ; s ha rc?

A.

Tha ' co r t
t s r ec ,

Q.

W h nweey ud p s dp s-u g n?
e r o e o e o t d me t
j

A.

Fe ua y 24,201
br r
7.

Q.

Ho ln atrt fn lu me t sta ?
w o g fe he ia j dg n wa h t

A.

A ppr m a e y s x m on hs
oxi t l i
t .

Now,on page 61 lne 3,M r Konez ,oft CFTC,wha di he t l you
,i
.
ki he
t d
el
t t1 d you t bei t tyou c d ma pa talpa
ha e
o leve ha
oul ke ri ymen s
t?
7

A.

M r Kone kis d:tus t s m ma ie, r Es obi hasadvie t thewil
.
z ai Sf t o u
rz M . c o
s d ha
l

tk alo a tefna j d me ta dtk se t satc mpli wi i.
a e o k t h i l u g n n a e tps o tr o yng t t
h
l pa tc a ,t payme swih r tt i ci lpe li , a lbe ive 1
n riulr he
nt t esiuton, vi nates' nd
'
le

h v do ta, h vec mpl dwihtefn l u g n .
a e ne h t 1 a o i t h i a j d me t
e
Q.
A.

W ha wa yo undesa ngfo t se ha e...?
t s ur rtndi r m hi xc ng
W el i ce ry s y Iwo l b c mpyngwih tej d me ti lsa td
l, t la l a s u d e o li t h u g n f tre
m a ng pari pa e s.
ki
tal ym nt

Q.

Di yousa tma ngpatal yme safe wa ds
d
tr ki ri pa nt tr r ?

A.

Ye .1di a Ivec i d al ton a mont yba i.
s d, nd ' ontnue mos
hl ss

Q.

And we ha s e c kst tt CFTC ha as you q si a
ve e n hec ha he
s ked
uetons bout

A.

ea l t s m or ng.l we t a l a t b M ,do you r cognie t e
ry hi
ni f
ook ook t a
e
z hes
c ks
hec ?
Ye ,Ido.
s

Q.
A.
Q.

l youcoul r di,elt Co twhe t frtc ckwa t tyouwr t?
f
d ea tt lhe ur
n he is he
s ha
oe
l wasa $500 c ck on M a c t 8t 2017.
t
he
r h he h,
Andha youc i dt ma pa nt atrt t
ve
ontnue o ke yme s fe ha?

A.

Yes 1ha Al t lt n 1m a ha s ppe onemon h f oner s n
, ve. mos- hi k
y ve ki d
t or
ea o
o a her but1t nk lvem a t a mos e r mont sncet n.
r not ,
hi '
de hcm l t ve y
h i he
And do you ha any gui nc wha s ve a
ve
da e
toe r bout e ty wha a ount
xacl
t m
you'es ppos d t pa
r u
e o y?

No fo t efn lud me t o fo teCFTC.
t r m h ia j g n n r r m h
( 0/ 1 Trns a 1 1 09:2)
1 24/ 8 a . t 04;5-1 1 .
Es obi st tm on i notc e bl t the r id o sa e t by a CFTC ato ne a a
c o' esi y s
r di e ha
ele n t t men s
tr y t
de ii - t opposng pa t t de e m i wha wo d c tt e compla e wih t Fi l
poston he
i
ry- o t r ne
t ul onsiut
inc t he na
J
udgme .I i doubt hec dha s hta cefo hi own c
nt f n
, oul ve oug dvi r m s
ouns .Furher t Co 'fnds
el
t ,he ul
t

i u i y t tEs obi coul ha bei ve t ta de mi mi pay e of$500 co tt e good
t nlkel ha c o
d ve le d ha
ni s m nt
nsiut d

fi c mpin ewihte$15 38 2rsiuinj d me t
at o l c t h ,4 ,9 e t t u g n .
h
a
t o
E s obi sA biiy t Pay
c o'
lt o

l i undiput d t tEs obi hasnots t nta l c
ts
s e ha c o
ubsa ily ompled wih t po ton oft fna
i
t he ri
he i l

j me or rng hi t pa $15 892 i r tt i wihi tn da oft e r of t
udg nt dei m o y ,43, n esiuton t n e ys he nty he

j d me t Es o i h so ypad $ ,2 twadshsr si to o iain sn et e ty o te
u g n . c bo a nl i 35 5 o r i e tt in bl to ic he nr f h
u
g

fn l u g n o Aug t , 01 ( 02 / 8Tr n . t1 :- 2 .
ia j d me t n us 29 2 6 1 / 4 1 a s a 57 2 )
8

I se d Esobo' p i l ag me t a dt es b e to t ee ie ta yh a ig i t a
n ta , c i s rma. r u n n h u j c f h vd n ir e rn - s h t
y
he i una et pa t r siuton a r bec us helc t f
s bl o y he e tt i wa d a e a ks he undst do s TheCour dia e ,
o
o.
t s gr es

a fndst tEs obi ha f l t de onsr t t thei una et c pl wiht Cour' or r
nd i ha c o s aied o m ta e ha
s bl o om y t he
ts de .

The e de eadduc a t he rng s
vi nc
ed t he a i howst tEs obi c r ty ha atl s $9 447 i
ha c o uren l s ea t 41, n

a st ( f. Ex.C) Thi fg e i tken fom a s
ses Des'
. s iur s a r
ummay e bi i r uc a mo d i o
r xhi t ntod ed nd ve nt
evi nceby Es obi Es obi sas e si ude:
de
c o. c o' s t ncl

*

a idiiu l eie n a c u t(1 ' o e b Es o owo t a p o maey
n n vd a r t me t c o n tRA' wn d y c bi rh p r xi tl
r
$ )
$3 000;
00,

@

a s c ii si sme ac ountc o
e urte nve t nt c
o- wned wih Es obi swie,Sus Es bi a
t c o' f
an co o, s

t na sby-he- tr i , t a oxi ael $35, ,
e nt - t en ietcs worh ppr m t y
000.
@

a r xmaey $ ,0 i aj n c e kn a c u tc own d wi M r.Es o i ,
pp o i tl 30 0 n oit h c ig c o n o- e t s c b o
h
alo a tna sby-he- ntr te ,
s s e nt- t e ie is
'

@

a oxi ael $554, e t i aFl i hom ecoppr m t y
000 quiy n orda
owned wih M r .Es obi
t s c o.

( f. Ex.C; e as 1 / 4 1 Trns a 1 921 1 :2 (RA) 1 3:- 0 (e u i e a c u t;
De s'
s e lo 0 2 / 8 a . t 0 : -1 0 1 1 ; 1 92 sc rt s c o n)
i
2 :5 8:9 toitc e kng a c un) 2 1 -2 (o l. Es o i s b t t tt e ea s t ae
8 1 -2 1 ' n h c i c o t; 9:0 1 h me) c b o u mis ha h s ses r
S xempt'
i
e
'unde sae 1w and s d t r or notbec i e i dee mi ng hi a lt t pay
r tt a
houl he ef e
onsder d n tr ni
s biiy o
t r tt i a r z Thi i i r e t
he esiuton wa d.
s s nco r c .
Rahe , oursha br dequiabl powe st r ac a s t ot wiepr ecedby sae1 w
t r c t ve oa
t e
r o e h s e s her s ot t
tt a

t s t f a o de frr siuin.Se S lw, 8 F. u p 2 a 1 2 - 6( d lb o k , . (d
o ai y n r r o e tt to e oo 6 2 S p . d t 3 5 2 Mi de r o s J) iAJ
s
g
dititcou tca i e sa e1 w e mptonsa we lasot rsa e 1w lmia i on t a lt
src
r n gnor t t a xe i
s l
he tt a i ttons he biiy

t c le taj g n i fs i nn ad s o g me to d r' .
o o lc ud me t n a h o ig ig r e n r e.)
'

2Es o otsiidt th h sa r xi tl $ ,00i û r o l opet ' ( f' Ex. 1 / 4 1
c bi e tfe ha e a pp o maey 210 n ç s na pr ry. De .s C; 0 2 / 8
pe
'
Trns Atll :6- 1 1 ) Es o oofe sn e u ef rwhyhec nn ts lt spr p t t s tsyt
a .
1 1 1 2:3. c bi f r o xc s o
a o elhi o ery o a if he
j g n.
ud me t
9

1. l t k
lp

To t e e a sa e1 pr t c i e s f rEs obi sI
he xt nt ny t l aw o e tons xit o c o' RA- a heha noti ntfe
nd
s
de ii d
a
ny t y a e i ppost i c e pr edi .Se ,eg.FTC v Le hi No. 61851 CI
he r na
ie n ont mpt oce ngs e . ,
. s n, 06- V-

UI, 01 W L 61 5 0 a #1 ( D. a Fe 1 , 1 ( i no , .. (-hefc ta te
J2 1
7 0 , t 8 S. Fl. b. 5 201 ) Smo tn M J) df a t h t h
ç'
i vi lDef nda swe e a et pl em onisi t i rtr ntf ,s d nottump t i
ndi dua
e nt r bl o ac
e n her e ieme unds houl
r
her
oblgaton t pa s
i i o y umsdueundert Digor m e Or r'' r po tand r c
he s ge nt de . ) e r
',
e omme i
ndaton

ado ed, 06- 851C1 UU, 1W L 845065( D.Fl M a.8,2011; r Ar
pt No. 61 - V- 201
S. a. r
) SEC . agon
Ca t Advs s LLC, 07CI 91 FM , 1W L 327
pial ior,
No,
V. 9
201
8907,a * -8( D. Y. ul 26,
t 7 S. N. J y

2011 ( di dee nti c e f f lngt t noverI des t sae1w e mptons.
) hol ng fnda n ontmpt or aii o ur
RA, pie tt a xe i )
Ac r ngl t Cour m a consde t vaue oft I i de e m i ng Es obi sabiiy t
co di y, he
t y
i r he l
he RA n t r ni
c o' lt o
Pa
y.

Sic t ee tyo tej d me tEs o i h swi rwn a pr xmaey$ 000 fo hs
n e h nr f h u g n , c bo a t a p o i tl 25 , 0 r m i
hd
I mo t whc heu e t p ylg lfe i c n e t wihisa ta to ( 02 / 8Tr n . t
RA, s of ih s d o a e a e s n o n ci t n tn cin 1 / 4 1 a s a
on
1 l -20:) l s doi Esobi ma adelbert c ci c c t pa hi own e nss
9:5 6 . n o ng, c o de
i ae, ons ous hoie o y s
xpe e

i se do p yigtej d me t Thi i a te i iain o h ssaeo mi , ihi t in r
n ta f a n h u g n. s s noh r ndc to f i tt f nd wh c s o g o e
hi oblgai t c pl wih t Cour' or . Es obi ca t i ult hi ef fom t
s i ton o om y t he
ts der
c o nno ns ae ms l r
he
r tt i o de by kee ng hi a s t i a Il t s nd ashe c
esiuton r r
pi
s s es n n lA o pe
hoos s Se Le hi 2011 W L
e . e s n,
61 0, t #18 9.
750 a
-1
2. Joi A cv
nt ount
s

S ae lw p oe to s a p ia l t Es o i s j i l- ed tn n y b -h -n iey
tt a r tcin p lc be o c bo' ont h l , c a c - y t ee trt
y
s urte a c ki a co s a e lke s i ppost t t s c e
ec iis nd hec ng c unt r i wie na
ie o he e ont mpt pr ee ngs Se
oc di , e

Lehi 2011 W L 6l75 a *1 -20 ( mont M . ) ($Tj c rnt b a s oft b nk
s ns
00, t 9
Si on, J. $ he ure alnce
(
he a

a c u t aen t x mp fo b igu e t s tsyteDig g me Or e b s du o ter on c o ns r o e e tr m en sd o aif h s ore nt d r a e p n h ij it
10

tn n yn t r g ' . Eso o h st eu ftee a i t t wi d a mo y fo te e a c u t,
e a c au e .' c bi a h n etr d bl y o t r w ne r m h s c o n s
l)
i
h
whih a eus d et rf s vi ort pa hous hol e ns s i l ng Es obi so e
c r e ihe or a ngs o y
e d xpe e , ncudi
c o' wn xpens s
e

(e 1 24/ 8 Trns a 21:1 17,25:
s e 0/ 1 a . t 1 4-26:0,28:5- 9) The eor t f
1
1 1 .
r f e, he unds i Esobi s
n c o'
t na by-he e ie y a ount m a bec i e i dee m i nghi i biiy t pay.
e ncy- t - ntr t cc s y
onsder d n tr ni
s na lt o
3. H om c t ad
se

Es obi hasm or t $500, equiy i hi Fl i hom e buta g t ti s d not
c o
e han
000
t n s orda
,
r ues ha t houl
be c i r i de e mi ng hi abiiy t pa by vit ofFl i s i e t d exe i '
onsde ed n t r ni
s lt o y
rue
orda' i
hom sea
mpton.
'
Howeve ,i i wels te t ta c t a c i t vaueofa a l d c e
r t s l-etld ha our m y onsder he l
n lege ont mnor shom ei
'
n

d tr nn hsa i t p y.Se , .,S v Bi e in 11 F. p . d 1 2 n2 ( D. 2 0 )
eemiig i bl y a e eg, EC . l ra , 2 Su p 2 2, 7 .9 D. C. 0 û
i
z
(. Cour i notpr cude fom co i i Biz ra sho t di deemi nghi a lt t
$
The
ts
el d r
nsderng le in' mesea n tr ni s biiy o

c mpy wi isds o g me tod r' ( ingS p AMX I tl I c,7 F.d 71 7 ( t Ci.
o l t t ig r e n r e s' ct EC .
h
) i
n ' n . 3 , 6 5h r
,
1 93);SEC v Br mont No.96(1 8771LAK,2003W L 21
9 )
. e ,
2V.
. 39893 a *6 ( D. Y.J 1
2, t S. N. une 8,

2 0 )($ ec u t yc n ie a alg dc ne o ' ho se da wel s on l o e a st
0 3 ' o r ma o sd r n le e o tmn rs me ta s la j ity wn d ses
Th
i d tr nighi a l yt c mpy wih i d s o g me to d n' Ac o dngy teCo r wi
n eemi n s bit o o l t t ig r e n r e ). c r i l, h u t l
i
s
l
t keEs o' ho e e t i o ac ounti de e m i ng hi a lt t pay.
a
cobi s m quiy nt c
n t r ni
s biiy o
4. E s o' Expenses
cobi s

Es bi ha be n bare fom t fna i li ty a t tse t the ma sbe we n
co o s e
r d r he
nc a ndusr nd esi d ha
ke t e

$30, a $40, pe yea a apiot
000 nd
000 r r s l .

Q.
A.

M r Es o,whopa f you da t day e ns ?
. cobi
ys or r y-oxpe es
1ha a s li m e fo my tyi Ify a mos e r da s tm e ,
ve mal nco
rm
l ng. l l t ve y y, ome i s
s ewe s ve da a we k,1gene a e i om efom t t 1e c t s
om
eks e n ys
e
r t nc
r ha . xpe t hi

yea t ge r t s e r be wee 30 and $ 000.
r o ne ae om whe e t n
40,

Q.

W hopa f muc ofyourda t d lvi e ns ?
ys or h
y-o- ay i ng xpe es

A.

Formy pe s l da t da m y gas i my lundr Ipa t e mys l,
r ona , y-o- y,
olne, a y, y hos
ef
Thos t ngst tIus you know,g outa e tl h,hos t oft ngs
e hi ha
e,
o
nd a unc t e ype hi
Ipay.

11

( 02 / 8 Trns a 4 1 - 7 . Be a s o t i,Es o i cams h c n ota fr mo e ta
1 /4 1 a . t 4:8 45:) c u e f hs c bo li , e a n fo d r h n
$1 0pe mo t t wa d hi rsiuin o iain(d. t1 15 .
0 r nh o r s s ett to bl to i a 6:-)
g
Howe r M r Es bi st tmony on e
ve , . co o' esi
xami i by t CFTC r l ct :
naton
he
ete s

M r Es bi wha ki ofc rdo you drve?
. co o, t nd a
i
Pr e l 1m drvi a SUV,Ca lacSUV .
es nty, ' i ng n
dil
W ha ye r pl as
t a , e e?
1t nk i' a201
hi ts
7.
A1 rght And whe edoe t mone t pay f t tc efom ?
1i .
r
s he
y o
or ha om r
Thec ' i Suse' na e Sus n' na eand s pa f i.
ars n i s m
a s m
he ys or t
Butyou drve i?
i t
Som e i .
tmes
A1 rght W ha c rdoe M r . c o d i
li .
ta
s s Es obi rve?
She drvesa M e c desBe ,E- 00.
i
r e - nz 3
W ha ye r plas
t a , e e?
201 or201
7
8.
Al rght W hopaysf t to
1i .
or ha ne?
Sus n.
a
A1 rght Do you ha a c e tc d?
1i .
ve r di ar
Yes ldo.
,
Ho m a c e tc r do youha pl a e?
w ny r di a ds
ve, e s
It nk, wo ort e
hi t
hr e.
Al rgh ,W ho pa t ec e tc ds
1i t
ys hos r di ar ?
Sus
an.

(d.a 43:- 1.
i t 5 44:)
D.

Pl ntf C FT C' Evi nc of Di cr tonar Paym e s
ai if
S de e
s ei
y
nt

A f ensca l i c
or i nayss onduc e by CFTC' i tga o , t rDas o, t sii d t tfom
td
S nvesi t r Heahe
s 3 e tfe ha r

t ed t o t ej d me ttr ug J n 2 8 Es o i a hi wiema et f lo n p y ns
h ae f h u g n h o h u e 01 , c bo nd s f d he o lwi g a me t:
@

$11 700t at e ;
8, o tom ys

@

$11 624 t cr di c r i t na oft Def ntEs obi M r . c o, nd
3, o e t a ds n he mes he enda
c o, s Es obi a
t c e' a tda er ;
he oupl s dul ught s

@

$40, i sude l n pa e sf t be
076 n t nt oa ym nt or he neftoft adul daugh e s
he t
tr ;

3The Co 'f un M s Da s st si n ( 025 1 Trns a 1 -4 t be k wldg a e lgia,a
ul o d . so' e tmo y 1 / / 8 a . t 2 9) o
t
no e e bl, o c l nd
i er l consit .
nt naly
sent

1
2

*

$36, i ca l a epay e s
548 n r e s
m nt ;

@

$31600 i c c wrte t ca h.
, n he ks it n o s 4

( TC Ex. 9 s eas 1 / 5 1 Trn .a 212 - 2:8 ( e cii ge hbi ) Es o i tsi d
CF
4 ; e lo 0 2 / 9 a s t :5 2 1 d s rb n x i t . c bo etfe
l
a
bouthi pa nt t r hi ad tda e ' sude l ns:
s yme s owa d s ul ught rs t nt oa
CRT: Ho m uc i t l n t tyou pa f yo da e s i youw
h s he oa ha
y or ur ught r , f

A.

Ye , i,i' al nt twa t ke out 1bele ,n 201 f ra ut$250,
s sr ts oa ha s a n , ive i
3 o bo
000
t pa t t ton f N YU.
o y he uii or

Q.

Andho muc pe monhdoyoupayordo yourho e doryourwie
w
h r t
es
us hol
f

A.

pa t r t s sude l ,M r Es obi
y owa ds he e t nt oans . c o?
Pr c s y,Ic n' t l you,butlbele i' s
e iel
a t el
i ve ts omewhe e bet e 1500 a
r
we n ,
nd
2, a m o h.
000
nt

( 0/ 1 Trns 47:5- .Ye a he expe e,a c di t Es bi st tmony,i t tsnce
1 24/ 8 a . 1 24) t not r ns c or ng o co o' esi
s ha i

tej d me th h sta le wi h swie t M a rd S an (e ea tme ) te UK,Ge e a
h u g n e a rveld t i f o d i , p i s v r l i s, h
h
n v,
Swiz lnd, Ne Yor (d at49: 24)5
tera and w
ki
2- .
The Cour fnds t t Es o' decsons t pro ii e a 1oft above o i tons ove
ti
ha cobi s ii
o i rtz 1
he
blgai
r

ma igp y nstwadh so lg t nt t eCF t b wilu e a i o teCo r'j d me t
kn a me t o r i biai o h TC o e lf l v son f h u ts u g n .
o
1. M rs Es obi : l om e a: Pr i nto Sout r Trus Se tes
. c o' nc
es de f
he n
t curii

Eso i tsiidt a hse e s saepadp i rl b i c mefo M r. c b o sj b
c b o e tfe h t i xp n e r i rma iy y n o r m s Eso i ' o
a pr i ntofSout . Tr tSec iis($ '.Esobi s mist be us M r.Es obi i
s esde
hel us urte i ) c o ub t hat ca e s c o s
n
STS'

n ta p ry t t j g n ,h r ic me fo S s o l n tb c nsdee i a c rann
o a t o he ud me t e n o r m TS h u d o e o i rd n se ti ig
Es obi sa lt t pay.TheCour doe notag ee.
c o' biiy o
t s
r

S i a ivet n fr f u d d b Es o o ( 1 6 a 2 -21. Es o i wa is
TS s n n sme t im o n e y c bi DE 6 , t 0 ) c bo s t
pr sdenta lr ts r hol r untl201 whe i ty r aor a t Natona Fut e
ei
nd a ges ha e de
i
4, n ndusr egult s t he i l ur s

4Es o pays mor t t ce asm uc f Comcas cabl as he doest t r tt i f eac m ont
cobi
e han wi
h or
t e
o he es iuton und h
h

(
CFTC Ex. ; e alo 1 / / 8Tr ns a 28 1 20 .
48 s e s 025 1 a . t :4- )
5On r die t Es o o c n ed hi tsi ny a utGe e ,t ony viii Span ( 024 1 Trns a
e r c, c bi ha g s e tmo bo
n va o l stng i 1 / / 8 a . t
1 9: -1 0:)
1 25 2 8 .
13

Aso ito (' A' o d r d Es obo t gv u h ss r si te c mp n ( 025 1 Trns a
s cain t
NF ' r ee c i o ie p i hae n h o a y 1 / / 8 a . t
)
5 1 1 60:8 11. Esobi ta f rd hi s r grtst Mr.Es obi who a s d
4:0- 7, 1 -63: ) c o rnsere s haes ai o s c o,
s ume
Es o' poston a s ar asprsde ofSTS(#. t5 1 1 60:8- 11.Thi posto
cobi s ii
nd al y
e i nt
/ a 4:0- 7, 1 .63: ) s iin
a r s tng s lr we e pai t M r . cobi ast s eownerofa 1outt ndi soc
nd e uli aa y r
d o s Es o he ol
1 sa ng t k.

Es o i e j y teb neiso Mr. c b o s$ 00 0ay a - lss lr a p e i e to
c bo no s h e ft f s Es o i ' 25 ,0 - e rpu aay s r sd n f
S (e CF Ex.5 s eas 1 /5 1 Trns a 1 :4 94 211 2 (x annge iil.
TS s e TC. 0; e lo 02 / 8 a . t 8 1 -1 :, :2-4 e plii xhbt)
As ar dy m e i d,M r .Es obi pa Es obi s a omobie l s , hi c e t c r , a
lea
ntone
s c o ys c o' ut
l ea e s r di a ds nd

Eso i ' s ae o te h u e o d e p ns s( 02 / 8 Trn . t435 2 ( a p y n s, 21
c b o s h r f h o s h l x e e 1 /4 1 a s a :- 0 c r a me t) 43: 4 ; (rd t ad ) 454 9 ( o sh de p n e l. M r. c b ou e h rs lr t s b i iet
4 1 ce i c r s, :- h u e ol x e s s) s Es o i s s e aay o u sdz he
c e' a tc l en,payi t rc r pay e s c e tc r bil,a m ont y sude l n
oupl s dul hidr
ng hei a
m nt , r di a d ls nd
hl t nt oa

oblg i (#. 47: 24(t ntl ns,47:
iatons / at 3- sude oa ) 25-48: ( rpa nt) 48;0- 5(r tc r l.
9 ca yme s, 1 1 cedi ads)
On cr se
os - xami ton by t defns ,Es obi eabo atd on t ti wih hi wieheha
nai
he e e c o l r e
he rps t s f
d

ma ep s-u me t
d o t dg n :
j
Q.
A,

Q.
A.

W etl d a
a ke boutti ,vac tonst tyou t You m e i d M a i or
rps ai ha
ook.
ntone
drd
t U K. e et s f m iy vac tons
he
W r he e a l
ai ?
No,a 1wantt ma acore ton. ti we ea lt M a i a t y
nd
o ke
r c i The rps r 1 o drd nd he
we e a1 busne sr lt d.Sus n ha s t talcle s i M a i a a
r l
i s -ea e
a s ubsan i int n drd nd
f l e t go t r a ty t et r kee t a ountor a a tona
aiur o
he e nd r o ihe
p he cc
dd ddii l
a ount,i s e doe n' go,s snotgoi t beabl t ge t ea ount
cc s f h
s t
he'
ng o
e o t hos cc s
orke t e a c s s t ea ea1 busne sr a e ti .
ep hos c ount , o hes r 1 i s -elt d rps
Thes we e tti you t t ha a good tm e, r t y?
e r n' rps
ook o ve
i we e he
No,t y we e ofver s tdur ton,t y'e qui k a ba ialy we ha
he
r
y hor a i he r
c nd sc l
ve
br kf t l h a di rwihc t r ,oneafe t o he ,a m os of
ea as,unc nd nne t usome s
t r he t r nd
t

t tmet e ivt u b c u ete k o weh v ma t el n j u n y
he i h y n i s e a s h y n w
e
a e de h o g o r e
ove ,butt s i wo k,no one' out yo know,s
r
hi s r
s , u
hoppi orha ng a good
ng
vi
tmeorsg s ei
i
i ht e ng.

Q.
A.

An h w lngh vey ub e tkngte etisj s sn etej d me t
d o o a o e n a i h s rp ,u t ic h u g n ?
No 1h v b e d n if r4 a ssn eIv b e i tea to , 'eh d
, a e e n oig t o oye r i c 'e e n n h cin Iv a
i e naton bus ne s s nc is l ce i
nt r i al i s , i e t ' pton.
n

(J.a 11 25 20: 1 (mpha i a )
/ t 9: -1 2 ) e
ss dded .

1
4

The Cour fndst t st si
ts
hat hi e tmony corobo aest tSTS,de pie isc nge ofpr s d t
r r t ha
s t t ha
e i en
a s r sfom Es o t M r .Es bi f l ng t NFA ' 201 or r c i
nd ha e r
cobi o s co o olowi he
S 4 de , ontnuest ope a e
o rt
a be i Es bi i t s
nd neft co o n he ame wa i di be or t N FA' 201 or . The ef e t Co t
y t d f e he
S 4 der
r or , he ur

fndst tEs o' t tmony t thi i
i ha cobi s esi
ha s ncomeconssss ey oft $30, t $40, hem a s
it ol l he
000 o
000
ke
pe ye a a pioti i c a e.
r ar s l s na cur t

Lie s ,t e p icpe o e ut d n tp r tEs o o t e j y te b n ft o Mr .
k wie h rn ils f q i o o emi c bi o no h e eis f s
y
Es obi ss t nta i
c o' ubsa i l ncome whiepladi pove t i t f e ofhi r tt i oblga i M r
l e ng
ry n he àc
s esiuton i ton. s.
Es obi si m e aspr i ntofSTS i die ty ati a et Es obi sta f rofhi s r s
c o' nco
esde
s r c l trbut bl o c o' r ns e
s ha e

(n tte t h r Ac o dn l Mr . c bo' i c mefo S wil ec n ie e i d tr nn
a d il) o e . c r igy, s Es o i s n o r m TS lb o sd rd n eemi ig

Es o i sa iiyt p y tej d me t Se S l w, 8 F. u p 2 a 1 3 ( ide r o s J)
c bo' b l o a h u g n . e o o 6 2 S p . d t 3 0 M d lb o k , .
t
(srhe S lws a c muae we lh h s b e deie e lsvey fo ic me
i-j o o ' c u ltd at a e n rv d xcu i l r m n o
l
e ne by M r Sol l M r Sol camo co nc hi s et r t n hi a s t
ar d
. ow. f . ow r t nvi e s pous o eur s s e s
t hi , ha i apr e ofhi own maki a he i c e
o m t t s obl m
s
ng nd s ons quenty i c e of
l n ont mpt

c u t'; s n 2 1W L 61 5 0 a * 7( i no M ..(il h $ 00 ta Mr
o r.)Le hi, 0l
'
7 0 , t 1 S mo tn, J) f-q e 3, 0 h t .
gLes n gi st M r .Le hi ea h m on h i notpr e e ...bec us t f
hi ve o s s n c
t s
otctd
a e he undsa e
r
a t ly a e e i of t co pe ai t t M r Les n r ceves fom t
c ua l n xt nson
he m ns ton ha
. hi e i
r
he

Cor aeCont Defnda s' .
port
empt e nt.)
'
2. Es obi sAddii
c o'
tonalAs e s
st
l addii t unc r redt tmony oft CFTC' i vesi t HeaherDas os
n
ton, he ontove t esi
he
S n tga or t
s hows

t Es obi r eved de isofa la t$209,29 fom u de ii s ur s (
hat c o ec i
post
t es
1 r ni ntfed o ce CFTC Ex,51
;
1 25 1 Trns a 1 2 1 1 2023 ,Ondie te mi tonbyt CFTC,Es obi tsiid
0/ / 8 a . t 4:-15:5, 6: - )
r c xa nai
he
c o etfe
asf l s
olow :

CRT: You'er e rng t a $30, de i i De e be a J nua y of' a
r ef ri o
000 post n c m r nd a r
17 nd
A.

' 8a ...TD Bank,a sr do you r colec ,a you m ayha a we e
1 t
nd i,
e l t nd
ve ns r d
t s w he he you m ade t td
hi , t r
ha epostors m e e s di
i
o one l e d?
Si,Ido r cognie t twe di m a a d
r
e
z ha
d ke eposts ei e t r t l te
i om tm owa ds he at r
pa tof201 ea l 201 W ehad borowe money fom muli e s c s.
r
7, ry
8.
r d
r
tpl our e
l addii t c e tc r ,t r we e f m iy l ,t r we e l ns fom
n
ton o r di a ds he e r a l oans he e r oa r
fi .You know, we e i lwa i ave y difc tposton,Ine d
rends
we r nsn
r fiul ii
ede
t pa lgalf esa lborowe m one 1c ts c fc l t l you who i
o y e e nd
r d
y. an' pe ii aly el
n
pa tc a l m e t tm one lve go m aybe 20, l ns out t ndi
r i ul r ent
ha
y, '
t
25 oa
s a ng.
15

So t pe e yo bor ow e t s m one f om , w ha a e s e of t i
he opl u
r d hi
y r
t r om
he r
na es
m ?

A.

1bor owed fom my f miy,muli emembe sofmy f m iy.
r
r
a l
tpl
r
a l

Q.

W ha aet i na ,pla e
t r her mes e s ?

A.

M y s ser Sor y O ' onne l
it , m
D
l.

Q.

W hoele,pl s ?
s ea e

A.

M y f t r Robe tEs obi
a he ,
r c o.

Q.

W h es , la e
o le pe s ?

A.

Frendsa c lag sfom Ar entna t twe borowe m oney ba a
i
nd ole ue r
g i ha
r d
ck nd
f t f ye r .
orh or a s

Q.

W hoes plas ?
le, e e

A.

J tm uli e s ur e down t r They owed me money a you know,
us
tpl o c s
he e.
nd,
lvepai- a t y' lntmemone a wewillnd e h o he ba k a
'
d nd he ve e
y nd
l e ac t r c nd
f rh,you know,
ot
hund e oft a ofdolar o rt ye r ,
r ds hous nds
l s ve he a s

Ho mu h dd y u b ro sn e te j g n fo y u fin s a d
w c i o o r w i c h ud me t r m o r re d n
colea
l guesi Ar ntna?
n ge i
A.

Pr bl a
oba y bout$1 000.
50,

Q.

Al rght Ar t r a s c ii or pr m is y no es or a hi you
l i . e he e ny e urtes
o s or t
nyt ng
sgned t m e i lzet ede s
i
o morai hes bt?
On s
omeoft m t ea e,on s eoft m t r a enot I wa doneon a
he her r
om
he he e r
.t s
hands ke.
ha

A.

Do y i e t pa t e l ns t your f inds a c lag
ou nt nd o y hos oa o
re
nd ole ues i
n
Ar ntna?
ge i
A.

W elI o et pu t i be idmea dp yt ij d me to f n g t nwi
l, h p o t h s hn
n a hs u g n f a d e o t
h

Q.

m y lf a sa tm a ng m one a i cea up my r putto 1 l ok
ie nd tr
ki
y gan, l n
e a i n. o
f r dt doi busnes i ot rs t st n obvi l t s urtesa
o war o ng i s n he ecor ha
ousy he ec ii nd
c
omm odiy busne sa i i my bele t Iwil i t f ur be a e t
t
i s nd t s
i f hat l, n he ut e, bl o
pay i of.
t f
Ha you as d a ofyour f i nds or c l ag i A r n i t bor ow
ve
ke ny
re
ole ues n ge tna o r

mo e t p yo ftej d me t
n y o a f h u g n?
A.

A.

Q.
A.

Nott my kno edge.
o
wl

M r Es obi we we e t l ng bef e t br a abou l ns fom c ti
. c o,
r aki
or he e k
t oa r
eran
pe s i Ar tna,wha a et na e oft epe s , e e?
r ons n gen i
t r he m s hos r ons pl as
You m e n pariulr m os of t l ns we e fom c o a i .
a
tc a
t
he oa
r r
op r tons
Cor ai ns t t lve wo ked wih i t pa t a no ne s a iy
por to ha '
r
t n he s, nd t ce s rl
i vi l,butt r ha be s ei vi l i t pa t
ndi duas
he e ve en om ndi dua s n he s .
W ha we et namesoft i vi l,pla e
t r he
he ndi dua s e s ?

M ac loFir, c rCeu i An o i Orio a M ai Alo s . ts u ta
re l o i Os a r d , t no t r, ra s n o l' j s
s
mut ep o e Ij t Im j s tli g o ft etp o my h a .1m s r
lpl e pl, us ' u t ak n f h o f
i
e d ' ue
1m f getng s
' or ti omebut .
..
16

Q.

W ha aet na soft copo ai t tyo bo rwedmoneyfom?
t r he me he
r tons ha u ro
r

A.

1bo r d mone fom Sa aPa i ,lbor owe mone fom Pr Be ft
r owe
y r
nt cna
r d
y r
o ne i,
1bor owe mone fom Sout r Tr tSe i e ,1bor owe mone fom
r d
y r
he n us nrc s
r d
y r

Q.

Eu oM ao ,u tals o mulp epa e .
r j rj s it f t l lc s
i
A1rghtAndf whihoft ec portonsdoyouha l na ee s
li .
or c hos or ai
ve oa gr ment
o pr s or not ora hi lket t
r omis y es nyt ng i ha?

CRT: The que ton r a l i do you ha a pr i s y not s f om a oft e
s i e ly s
ve ny om s or
e r
ny hos
c por tons.. Plas ans rt t
or a i
. e e we ha .
A . Yes 1do. t nk lha f c ran,lha t t t1ca r m be ,
,
l hi
ve, or e ti
ve wo ha
n eme r

Q.

A1 rght Two,a di youpr
1i .
nd d
oducet et t CFTC.
hos o he

A.

1don' r m e ri 1di o no .Ibe ive Idi
t e mbe f d r t
le
d.

Q.

Al rght Sot et pr sor not , muchaet yf ?
l i . hos wo omis y es how
r he or

A.

One wa f ahundr d t a i wasar vi pr s or no e.And
s or
e hous nd, t
evol ng omis y t
t ot ronewa f r50, And lt n t r wasat r one, 1m not
he he
so
000.
hi k he e
hid
but '
c rai i we wenta a a g i i wrtng.
et n f
he d nd ot t n ii
Al rght How a
1i .
bout f t s i vi ua st tyou borowe fom ,any
or he e ndi d l ha
r d r
c r t orl n a ee t f rt m ?
ontac s oa gr men s o he
No,t r spr abl a
he e' ob y bout20,25 i vi s a ot c por tons a
ndi dual nd her or ai
nd
no,Idi not
d .

A.

( 02 / 8 Trns a 5 1 -5 :7 7 1 -7 :)( mp a i a d d . The Co td e n tce i
1 /4 1 a . t 4:7 8 1 ; 4:4 65 e h ss d e )
ur o s o rdt
Es o i stsi n ta tef n sh rc i e aela sh t o o t os-u g n. Es o i dd
c bo' e tmo y h t h u d e e ev d r o n e o k u p t d me t c bo i
j
noti r e i o e de co r c s orpr is y not s r l c i r pa e tr s f t s
ntoduc nt vi nce nta t
om s or
e efe tng e ym nt e m or he e

la s ato g h tsiid t ee we e Swo ta (e c n rme e ' me raie i wrtn .
o n , l u h e e t e h r r d h t h j a e mb r' mo il d n iig
h
f
t
z
Es obi di no pr ef t rcor adesrptonofa oft s cfcl ns(. ,hea
c o d t oduc or he e d
ci i
ny he pe ii oa eg.t mount
,

t s c t daei wa i ure .
he oure,he t t s nc rd)
On r r c e m i ton,t CFTC elcied t f l i t tm ony f om Es o:
edie t xa na i he
i t he olow ng es i
r
cobi

Ho mu h mo e dd Eu o Mao la y u atrt e j d me ti my
w c n y i r j r o n o fe h u g n s

A.

que ton.
si
I wa 20,25,
t s
000.
Al rght W ha a - lm goi t s e t sup- sa aPa i
1i .
t bout '
ng o cr w hi
nt c na?
San a Pa na ha pr bl l ntm ea
t ci
s oba y e
boutahundr d t a
e hous nd.

Q.

A1 rght And pror t t j
1i .
i o he udgme ,whatdi Sant Pacna oweyou
nt
d
a i

A.

pe s
r onaly?
l
M e per onaly,not ng.
s
l
hi

A.

Q.

Q.

Di Pr Be ft ora of hei s i a i oraf it soweyou a m one
d o ne is ny t r ubsdires
fla e
ny
y

b f r t ej d me t?
eo e h u g n s
A.

Y e , he ha
s t y ve,

Q.

Ho mu hd dt e o y ub fr tej d me s
w c i h y we o eo e h u g nt?

A.

1c n' t lyou of- m epe s l nobody o m eper onaly.
a t el
f
r onaly,
wes
s l

(d a 1 82 -1 0:)( mp a i a e ) Theeo e e e i l n fo c r o ain weetk n
i. t 2 :4 3 8 e h ss dd d , rf r , v n f oa s r m o p r t s r a e
o

o tb S o t r Tr te tte 'pro t t j d me t a d n tb Es o i i dvdu l a h s
u y i uhen us n iis' ir o he u g n, n o y c b o n ii al s i
s
y
t si
e tmony on die e mi ton s ss hi t si ony i t tr i
r ct xa na i ugge t, s e tm
s ha e mbur e e f t e l nswas
s m nt or hos oa

n v rh ls u e f rh so idv d a b n fta trtej d me t icu i t pa lg lfe ,
e et ee s s d o i wn n ii u l e ei fe h u g n , n ldng o y e a e s
a notf rSTS busne se ns s
nd
o
i s xpe e .

Ac or ng y, t Cour wil c i r t $200, t $300, Es obi r e ve i
c di l he
t l onsde he
000 o
000 c o ec i d n

d tr nn hi wh te h s o l b h l i c n e tfrfiu et c mpl wiht ej d me t
eemiig s eh r e h ud e ed n o tmp o al r o o y t h u g n .
Se CFTC v T ni Fi Gr ,l .No.92- 2- V- 2003W L 213
e
. ri t n. p. nc,
y
683 C1 UU,
49668,a *6( D.Fl
t S. a.

Ap . 1 2 0 )(o tmp wheed f n a tfie t p yj d me tb tS su tnilf n sh v
r 2 , 0 3 c n e t r ee d n ald o a u g n u s l bsa t u d a e
g
a
be madea ia efom outi s c ( fnda ' wie fmiyme s ec)'.
en
valbl r
sde oures dee nts f, a l mber, t.'
)
I . C O N C LU SI N
V
O

Es obi ha f ie t de
c o s a ld o monsr t t the i u e t pa t r tt i or r by t
ta e ha
s nabl o y he esiuton de ed
he

Co t6 The e de s
ur.
vi nce howst tEs obi hasm or t $900, i a s t ,a t tsnce t
ha c o
e han
000 n s e s nd ha i he

j d me t eh sb n fte fo ah u e odic meo ao n $ 5 ,0 ay a , lst e$ 0 ,0
u g n h a e ei d r m o s h l n o f r u d 2 00 0 e r pu h 2 00 0
t
t $ 0 ,0 i p r o tdko n . ( f Ex C;
o 3 00 0 n u p re s a s' De. . CFTC Ex 5 ) I l h o t e efcs Es o i '
l '
. 0 . n i t f h s a t, c b o s
g

p y n sttln $ ,2 d n tc n ttt g o fihc mp in ewi te ûn l u g n . No
a me t o aig 35 5 o o o si e o d at o la c t h a j d me t t
u
h
onl t t t e de e s
y ha , he vi nc howst tEs obi do noti e t compl wih t Co tsr siuton
ha c o es
ntnd o
y t he ur ' e tt i
or randha dei r e yand c e uousyr f e t do s
de
s lbe atl
ont mpt l e us d o
o.

6Th Cou tsAu us 29, 6Fia J me tas o d r dEs bi t p y$ 9,25i r siu in, lh gh
e r' g t 20l n l udg n lo r e e co o o a 55 7 n ettto at ou

ta p to o t j dg ntha sn eb e rvesdb teElve hCic i,wihi tu to o rma
h t orin f he u me s ic e n e re y h e nt rut t nsrcins n e nd
f t sCour t consde iot equiabl r
or hi
to
i r l her t e emedi .'
es'

The ef e i i ORDERED,ADJ
r or , t s
UDGED a DECREED t tt U . Comm odiy
nd
ha he S.
t
Fut e Tr di Comm ison' M oton f Or ert Show Ca eW hy Ro r Es obi s d not
ur s a ng
si s
i or d o
us
be t c o houl

behel i c e f vi ai t sCour' Fi J me ( E. 95 i GRANTED I
d n ontmpt or oltng hi
ts nal udg nt D. #1 ) s
N
PA RT .

l i f t rORDERED,ADJ
t s urhe
UDGED a DECREED t tRobe t cobi wilbe, nd
nd
ha
r Es o l a

h i h r b h l i cvl o tmp o c u t o vo ai gs i j dg n .
e s e e y ed n i ic ne t f o r f r iltn ad u me t
l i f t rORDERED,ADJ
t s urhe
UDGED a DECREED t tt De enda Robe t cobi
nd
ha he f nt
r Es o

be,a hei he eby or r t pa t s of$350, t t U. Commodiy Fut esTr di
nd s r
de ed o y he um
000 o he S.
t ur a ng

Co s inwi i tn( 0 d y o t ee tyo t i o d r o b s b e toc ecv s n to .
mmiso t n e 1 ) a s f h n r f h s r e , r e u j c t o r ie a cins
h
De e ntEs obi i he e f rhe or r t makepayme soft balnceoft r tt i
f nda
c o s r by u t r de ed o
nt
he a
he esiuton

awa d,a t r t of$1 000 pe m ont untlf l pad, f c coe c ve s nci ,whi h s l
r t he ae
0,
r
h i uly i or a e r i a tons c hal
is on m o i by t CFTC.
s ue
ton he

I i f t rORDERED AND ADJ
t s urhe
UDGED t s d Rob tEs o notpa t s s
hat houl
er cobi
y he um

i ntfe a
de iid bovewihi tn(1 d oft is nc oft sOr r upon wrtennotc fom t
t n e 0) ays he sua e hi de ,
it
ie r he
CFTC oft i rngi De e ntsnon- ompla e, wa r ntf hi a r ts li s a t
he nf i ng f nda '
c
inc a r a or s res hal s ue nd he
Unie Stt sM arhalSe v c i aut i d t t ke Es o i o c t a i a c r t d untl
td ae
s
r i e s horze o a
cobi nt usody nd nc z e a e
i
s htm ea hef l c ple wih t sCou tsOr r
uc i s uly om i s t hi
r' de .
Upon notfca i fom t U. M a s ls Ofi e t tEs obi i i cusody,t s Co t
ii ton r he S. r ha ' fc ha c o s n t
hi ur

wilhol a i e a ehe rngt consde s h m oto a t Def ndan maywih t ha hea d
l d n mm di t a i o
i r uc
i ns s he e
t
s o ve r
r ga di hi f iur t c pl a s ri of a lt a i a i or r quess or a ot
e r ng s al e o om y, s e ton
ppela e pplc tons
e t,
ny her
r e ntis Thi s nc i i c r i a notf rpunii orpunihm e pup os .
elva s ue. s a ton s oe c ve nd
o
tve
s nt
es

DONE and ORDERED i Cha be s a t J mes La ence Ki Fe a J tc
n
m r t he a
wr
ng der l usi e
Buidi a Unie Stt sCourhous M i mi Fl rdat s
l ng nd t d a e
t e, a , o i hi

da ofM a ch,201
y
r
9.

t
A M ES LA W REN E K I G
N
UNI
TED STATES DI
STRI J
CT UDGE
SO UTHERN D I
STRI O F FLO RI A
CT

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20