CFTC | Press Release -772018: CFTC Charges Charles H. McAllister of Alabama with Engaging in a Fraudulent Precious Metals Scheme on April 30, 2018.
cftc.gov CFTC Charges Charles H. McAllister of Alabama with Engaging in a Fraudulent Precious Metals Scheme April 30, 2018 McAllister Charged with Two Counts of Wire Fraud and One Count of Money Laundering in a Related Criminal Action Washington, DC – The Commodity Futures Trading Commission (CFTC) filed a federal civil enforcement action in the U.S. District Court for the Western District of Texas against Defendant Charles H. McAllister , of Auburn, Alabama, charging him with fraud and misappropriation in connection with contracts of sale of precious metals through his company, BullionDirect, Inc . (BDI). McAllister has never been registered with the CFTC in any capacity. McAllister & BDI Allegedly Defrauded Thousands of Customers throughout the United States The CFTC Complaint alleges that from August 15, 2011 through July 20, 2015, McAllister and BDI defrauded thousands of customers throughout the United States who purchased precio