The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Robert J. Conrad, Jr. of the U.S. District Court for the Western District of North Carolina entered a Final Judgment and Consent Order against Defendants James A. Shepherd and his company, James A. Shepherd Inc., requiring them to pay, jointly and severally, a $7 million civil monetary penalty and $8,060,810.43 in restitution to defrauded commodity pool participants.
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