Federal Court Orders Defendants, Kevin Andre Perry, Lucrative Pips Corporation of Atlanta to Pay More Than $2.7 Million

10Aug - by Editor - 0 - In STL.News

Washington, DC (STL.News) – The U.S. Commodity Futures Trading Commission today announced that the U.S. District Court for the Northern District of Georgia entered a default judgment against defendants Kevin Andre Perry and Lucrative Pips Corporation of Atlanta, Georgia in an enforcement action in which the Commission alleged the defendants fraudulently solicited and misappropriated nearly $700,000 from more than 50 clients in a forex trading scheme.

The court’s order requires the defendants to pay $694,799 in restitution to defrauded clients and a civil monetary penalty of more than $2 million. 

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