CFTC Settles False Reporting Charges against Mark Vanderploeg and his Companies for Defrauding Grain Elevators and Cooperatives in Five Midwestern States

Federal court in Kansas orders Vanderploeg and his companies to pay more than $382,000 in civil monetary penalties and equitable relief

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a consent order of permanent injunction against defendants Mark A. Vanderploeg formerly of Glendale, Ariz., and his companies, Midwest Land & Livestock, Inc. (MLL), of Glendale, Ariz., SKV Farms Inc. (SKV) of Omaha, Neb., and DCV Farms, Inc. (DCV) of Minneapolis, Minn., for engaging in an illegal, false reporting scheme. The CFTC charged that the defendants defrauded grain elevators and cooperatives in Kansas, Iowa, Minnesota, Illinois, and South Dakota (see CFTC Press Release 5903-10, September 23, 2010).  Read On


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