Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Louisiana court enters default judgment in retail forex fraud case
Ruling
The U.S. District Court for the Eastern District of Louisiana entered a default judgment against Meteor LLC and NOLA FX Capital Management LLC in a retail forex fraud case. The court ordered the two companies to pay over $9 million for their roles in the fraudulent retail forex scheme. The judgment was issued after the defendants failed to respond in the proceeding. The case concerned retail foreign exchange fraud allegations brought in the Eastern District of Louisiana.
Source excerpt
The Commodity Futures Trading Commission said the U.S. District Court for the Eastern District of Louisiana entered a default judgment against Michael B. DePetrillo, Meteor LLC and NOLA FX Capital Management LLC, ordering them to pay over $9 million for their role in a fraudulent retail forex scheme.