Operator Fine Commodity Futures Trading Commission (CFTC)· United States · 2025-09-17

CFTC Obtains $1.2M for Fraud Victims, $2.8M Overall From Florida Commodity Firm, Owner

→ Jersey City Partners LLC

The U.S. District Court for the Southern District of Florida ordered Systematic Alpha Management LLC and its owner Peter Kambolin to pay over $2.8 million for defrauding commodity pool participants. The defendants misallocated trades and misled participants, resulting in a restitution of $1.2 million and disgorgement of $1.6 million.

Amount (EUR)

€2,576,000

Original currency

$2,800,000

Action date

2025-09-17

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9127-25 ↗

Factual reporting based on the linked authority publication. Quoted summary generated from the official source by WagerX Forensic Team using AI-assisted extraction. This page is not legal advice, not an editorial opinion, and not commentary on parties beyond the facts stated by the authority. If you represent an entity named above and require a correction, contact us with the source reference.