- Aaron Scott conducted his scheme through BMC Worldwide, (Blue Moon Coins).
- Firm defrauded 130 customers with contracts of sale specifically gold and silver.
- Defendants lied to customers, and stole their funds, resulting in $1.3mn losses.
- Blue Moon did not keep an inventory of precious metals enough to fulfill orders.
- In many cases, they made no effort to buy the metals to fulfill customer orders.
- Scott and Blue Moon used the funds to pay operating expenses, invest in other
businesses, pay debts, and refund to other customers or fulfill customer orders.
- CFTC seek restitution to defrauded customers, disgorgement of ill-gotten gains.
- As well as permanent registration and trading bans, and civil monetary penalty.