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CFTC Sues New Yorker for Lying to NFA

Aug. 17, 2015, 4:00 AM

A New York man and his company Wall Street Pirate Management, LLC were sued Aug. 5 by the Commodity Futures Trading Commission for allegedly making fraudulent statements and omissions to the National Futures Association (CFTC v. Creagh, S.D.N.Y., 1:15-cv-6140, 8/7/15).

According to the CFTC, from at least December 2011 through September 2013, Gary Creagh intentionally made false statements in reports and concealed material information from the NFA during an audit of Wall Street Pirate. Specifically, Creagh allegedly told the NFA that the commodity pool he operated on behalf of Wall Street Pirate wasn’t active. In reality, Creagh ...