Judge Jonathan J.C. Grey of the Michigan Eastern District Court has stayed a lawsuit brought by the Commodity Futures Trading Commission (CFTC) against a former FBI agent.
The Judge granted a motion by the United States of America to intervene in the CFTC proceedings and to stay these proceedings pending the conclusion of a parallel criminal case in this district against the same defendant.
A federal grand jury has indicted Jeffrey A. Royer, 61, of Montrose, Colorado, for defrauding investors in a foreign currency trading scheme.
The indictment, which was unsealed in October 2024, charges Royer with one count of commodities fraud and one count of wire fraud.
According to the indictment and other court records, Royer was a Special Agent with the FBI from approximately 1996 to 2001. In 2005, Royer was convicted of federal securities fraud, among other charges, and was released from federal prison in 2012 after serving…
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