Article: U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES SLOVAK REPUBLIC CITIZEN, MAROS MIKLAS, WITH ELECTRONIC TRADING FRAUD

The Commodity Futures Trading Commission issued the following enforcement news release:

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of an administrative enforcement action on September 20, 2007, against Maros Miklas of Trnava, the Slovak Republic, for allegedly stealing a Canadian customer's funds under the guise of trading commodity futures, in violation of the federal commodity laws.

The CFTC's complaint alleges that Miklas became acquainted with the customer, Kim Lim, a Canadian citizen who resides in Ottawa, in late 2005 through an internet chat room Miklas ran on Paltalk.com. Miklas provided Lim with fictitious trading reports that portrayed Miklas as a ...

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