Operator Other Commodity Futures Trading Commission (CFTC)· United States · 2026-07-07

CFTC Charges North Carolina Commodity Pool Operator and His Company with Fraud

→ Trevor L. Vernon

The CFTC filed a complaint in U.S. District Court (Western District of North Carolina) alleging that Trevor L. Vernon and Argent Capital Management LLC operated a fraudulent commodity pool, solicited over $14 million from at least 60 participants from March 2022 through February 2026, sent false performance statements, misappropriated funds in a Ponzi-like scheme, made false sworn testimony, and violated registration provisions. The CFTC seeks restitution, disgorgement, civil monetary penalties, trading and registration bans, and a permanent injunction.

Action date

2026-07-07

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9264-26 ↗

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.