Federal Court Orders Colorado Defendants Flint-McClung Capit

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Federal Court Orders Colorado Defendants Flint-McClung Capital LLC and Shawon McClung to Pay over $6 Million in CFTC Action Charging Them with Running Forex Ponzi Scheme
04/18/2012 04:40 PM EDT


The CFTC announced that the U.S. District Court for the District of Colorado entered an order against defendants Flint-McClung Capital LLC, of Englewood, Colo., and Shawon McClung, formerly of Denver, Colo., requiring them jointly and severally to pay restitution of $1,701,250 and a $4.3 million civil monetary penalty.
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