Federal Court Orders Cindy And Paul Vandivier To Pay Civil Monetary Penalties And Restitution Of Almost $3 Million To Settle CFTC Charges Of Operating An Illegal, Off-Exchange Precious Metals Scheme - The Vandiviers Were Also Charged With Misappropriating Virtually All Of Customer Funds, Using The Money For Office And Personal Expenses

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Consent Order imposing a permanent injunction against CFTC Defendants Cindy Vandivier and Paul Vandivier of Coconut Creek, Florida. The Court’s Order requires the Vandiviers to each pay a $1 million civil monetary penalty and jointly to pay $986,763 in restitution to defrauded customers to settle CFTC charges of fraudulently soliciting customers and misappropriating customer funds in connection with illegal, off-exchange transactions in precious metals. Cindy Vandivier is the wife of Paul Vandivier.