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Alternative Market Briefing

CFTC charges R2 Capital Group with fraud and misappropriation

Friday, August 22, 2014

Bailey McCann, Opalesque New York:

The CFTC has asked a federal court in Colorado to issue a restraining order freezing the assets of defendants Ryan Tomazin of Stamford, Connecticut, Ryan Madigan of Raleigh, North Carolina, and Randell A. Vest of Fort Myers, Florida. The restraining order was an expansion of the court’s August 7, 2014 restraining order, which froze the assets of Tomazin’s, Madigan’s and Vest’s holding companies — defendants RAST Investor Group, LLC, Madigan Enterprises, Inc., and Bulletproof Vest, Inc., respectively — and their Colorado company, Defendant R2 Capital Group LLC (R2 Capital).

According to the complaint, all of the parties included in both restraining orders are alleged to have engaged in futures and foreign currency (forex) fraud, and misappropriation. The CFTC Complaint also charges the defendants with illegally commingling funds received from pool participants with others’ funds by, among other things, transferring pool participant funds directly into the personal bank accounts of Tomazin, Madigan, Vest, their respective holding......................

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