Federal Court in Illinois Orders Approximately $500 Million in Sanctions against Defendant Nikolai S. Battoo and His Three Companies for Committing a Global Commodity Futures and Options Fraud

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Edmond E. Chang of the U.S. District Court for the Northern District of Illinois entered an Order of Default Judgment against Defendants Nikolai S. Battoo, BC Capital Group S.A., BC Capital Group International Limited, and BC Capital Group Holdings S.A.