The Commodity Futures Trading Commission (CFTC) has provided an update to the status of its lawsuit against Jeffrey Johnson, Kathleen Hook, Precious Commodities Inc., NCB Wholesale Co., Ross Baldwin and National Coin Broker, Inc.
As per documents filed with the New York Southern District Court on November 15, 2024, the CFTC seeks to extend the stay of its action against the defendants.
Let’s recall that the CFTC complaint alleges that from approximately June 2014 through at least October 2019 Precious Commodities, Inc, National Coin Broker, Inc, and NCB Wholesale Co, acting as a common enterprise controlled by Johnson and Hook, engaged in a fraudulent and deceptive scheme to solicit and misappropriate at least $8…
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