Scott Marks 2:05 p.m., May 23
He Said He Made Money for Clients in Commodities. Not So.
The Commodity Futures Trading Commission has charged San Diegan Charles Steven Goodie and his CSG Commodity Service Group, a one-person outfit, with breaking commodity trading laws.
According to the complaint, Goodie collected $494,000 from at least 15 investors, told them that he had made money trading commodities, and said he would make them money in silver, copper, natural gas, and oil futures contracts. But Goodie had actually lost money in commodities and spent the investors' money on himself, according to the commission.
He had also sent out some false statements to clients, says the commission. This kind of scam should be called a San Diego Special. The same pattern occurs over and over in San Diego.
More like this:
- Financial product peddler ordered to desist and refrain — Oct. 21, 2015
- Has the Ghost of Jerry Dominelli Returned? — Aug. 31, 2012
- State Sues Beverly Hills Middleman Who Fed Money to Madoff — Sept. 22, 2009
- Did the Mayor Do His Homework? — May 28, 2008
- Captain Money and the Golden Girl — June 2, 2005