Federal Court Orders Dante S. Giovannetti And His Companies Emini Experts, LLC And Capital Trading Concepts LLC To Pay Over $2.7 Million In Restitution And Monetary Penalties For Commodity Pool Fraud And Other Violations Of The Commodity Exchange Act - Relief Defendant Capital Futures LLC, Another Company Owned By Giovannetti, Ordered To Disgorge Ill-Gotten Funds - In A Related Criminal Action, Giovannetti Was Sentenced To 63 Months In Prison

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Paul G. Byron of the U.S. District Court for the Middle District of Florida (Orlando Division) entered a Default Final Judgment Order against Defendants Dante S. Giovannetti and his companies Emini Experts, LLC(Emini) and Capital Trading Concepts LLC (Capital Trading) for defrauding clients in connection with the operation of a commodity trading pool. The court’s Order requires Giovannetti, Emini, and Capital Trading jointly to pay $663,975 to defrauded customers as restitution for their losses and jointly to pay a $1,991,926 civil monetary penalty. The Order also separately imposes jointly against Emini and Giovannetti an additional $140,000 civil monetary penalty. The court also ordered Relief Defendant Capital Futures LLC, another company owned by Giovannetti, to disgorge $143,358 of ill-gotten gains.