Source: http://ny.findacase.com/research/wfrmDocViewer.aspx/xq/fac.20130805_0001036.SNY.htm/qx
Timestamp: 2017-12-17 02:40:54
Document Index: 88190942

Matched Legal Cases: ['§ 1962', '§ 78', '§ 240', '§ 6', '§ 6', '§ 1']

HENRY TMAN, Magistrate Judge.
Ranvir Yadav, Veena Yadav, Priyanka Yadav, Surinder Ahluwalia and Deepak Seth commenced this action against Rajeev a/k/a "Roger" Punj. The Amended Complaint (Docket Item 48) alleges claims for (1) violation of the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. § 1962(c), (2) violation of Section 10(b) of the Securities Exchange Act and Rule 10b-5, 15 U.S.C. § 78j(b), 17 C.F.R. § 240.10b-5, (3) conversion, (4) unjust enrichment, (5) breach of contract, (6) attempting to defraud clients in violation of the Commodities Exchange Act, 7 U.S.C. § 6b(a)(2)(A-B), (7) failing to make certain reports and maintain certain records in violation of the Commodities Exchange Act, 7 U.S.C § 6g, and (8) failing to segregate and separately account for customer funds in violation of the Commodities Futures Trading Commission's Rule 20, 17 C.F.R. § 1.20 (2013).
Separately, defendant solicited RVY to invest through "K & M Commodities, " "Kap Trading" or "Kaplan's investment firm" ("KAP") from RVY (Gana Aff, Ex. D at ¶ 22). On April 19, 2006, RVY provided defendant with a $25, 000 check for this investment, and, from December 2006 through December 2007, they supplemented that investment with ten additional checks totaling $381, 000 and $35, 000 in cash (Gana Aff., Ex. D at ¶ 29, Ex. E at ¶ 26, Ex. N at 9, 11-20). In February and March of 2008, RVY provided defendant with an additional $200, 000 for the account (Gana Aff., Ex. D at ¶ 27, Ex. N at pg. 21, 24-29). At the point when RVY had invested $250, 000 in the scheme, defendant provided a "purported account statement" that claimed that this investment had grown to $950, 000 (Gana Aff., Ex. D at ¶ 25, Ex. E at ¶ 22). However, defendant's bank statements demonstrate that defendant deposited all of RVY's checks directly into his personal bank account and never invested anything on behalf of RVY (Gana Aff., Ex. T).