The law is often discussed in the news. Find in the newspaper, on the internet o

Question

The law is often discussed in the news. Find in the newspaper, on the internet or on television a story involving the law. Please only provide real news stories, no fictional stories (such as CSI)! The news article should involve a business dispute. Describe the news article and answer the following questions:

1. What type of law is involved in the news article common law/case law, Constitutional law, administrative law or statutory law;

2. Is federal or state law involved;

3. What court is hearing the dispute (if provided in the news article);

4. Are there any ethical issues or disputes involved in this case, explain?

Explanation / Answer

Answer:
According to CNBC article on business news. CFTC (commodity future trading commission) sues california gold dealer monex in fraud scheme.
1. U.S CFTC (commodity future trading Commission) told on Wednesday that a civil lawsuit filed by them against California dealer monex in U.S. district court for the northern district Illinois.
Monex was alleged by CFTC for applying high pressure strategy of sales and deceived huge number of retail customers.
They had lost $290 millions due to over price on commissions, loans and fees on administrative work.
2.In this case state Law is involved.
3.In this case U.S district court for the northern district of Illinois is hearing the dispute.
4. No, this case consist act of forgery and deception by the California based Gold dealer monex deposit company.

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