Panel: Contingencies Did Not Affect Man’s Obligation To Pay $3.9M CFTC Fine

Mealey's (January 4, 2023, 10:55 AM EST) -- ATLANTA — A federal court did not err in granting summary judgment in favor of government prosecutors in a lawsuit seeking an order requiring a man to pay nearly $3.9 million owed as part of a U.S. Commodities Futures Trading Commission (CFTC) administrative order against him on fraud and insider trading claims because he failed to show that the decision incorporated contingencies regarding future events affecting his ability to pay or that the government ever agreed to those contingencies, an 11th Circuit U.S. Court of Appeals panel affirmed....