Monex Gold Silver Precious Metals Investment Fraud Lawsuit Attorney


The U.S. Commodities Futures Trading Commission attorneys have filed a federal lawsuit in the Northern District of Illinois against Monex precious metals exchange in California over $290 million dollars of alleged fraud against Monex customers on September 6, 2017.  The accounts in question are alleged to have lost $290 million between 2011 and 2017, with 90% of leveraged accounts losing money.

Allegations include that Monex’s Atlas trading program for gold, silver, and other previous metals through leveraged trading.  Monex allegedly downplayed the risks associated with this type of Atlas precious metals account tradi

ng across more that 12,000 accounts, resulting in the loss of life savings of customers.  This is one of the largest precious metals law suits ever.

Monex affiliates and principals have also been named in the suit.

The lawsuit against Monex alleges that between 2011 and 2017, Monex engaged in trading unregistered with the US Commodities Futures Trading Exchange and Dodd Frank regulations were not complied with.


Click here to view the Monex gold silver fraud lawsuit complaint

If you have a Monex gold, silver, or precious metals investment loss and have questions about this lawsuit or how you can recover your losses, contact securities fraud attorney Daniel A. Bakondi, Esq. today.

Attorney Daniel Bakondi, Esq. 
The Law Office of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102
IMPORTANT NOTICE: No attorney-client nor confidential relationship is created through this communication and this posting does not constitute legal advice.  Your issue may be time sensitive and may result in loss of rights if you do not act in time.  Attorney licensed in California and services provided as allowed by law. Thank you.
This page was updated September 16, 2017  Copyright (c) Daniel A. Bakondi, Esq.

“Mr. Bakondi is a poised and brilliant young man who asked extensive questions to get at the crux of the situation. I was continuously amazed at the fine/pertinent points that Mr. Bakondi dug out of the years of files I had provided him. He quickly filed legal action I would call impressive in its fact-finding, background research, and arguments. In subsequent attorney communications and motions, I saw this astounding incisiveness over and over again. More than once I remarked to him how glad I was that he was not the other side’s attorney! In forecasting the time, phases, and expenses of the case, Mr. Bakondi was also unerring. While the entire process took over a year, I never once had the feeling that he was not in complete control of the situation. In consultations, he always had all of the options and their consequences ready at hand, along with his recommendations. Not once did he make an inaccurate forecast or give bad advice. When the case concluded successfully, he tied up all the loose ends as meticulously as everything else he had done.” VL




“Daniel Bakondi is an attorney who is devoted to his clients. He is knowledgeable, expedient, and meticulous about details. He is honest and provides his clients with a realistic evaluation of their expectations. He doesn’t waste your time. Daniel Bakondi is the attorney who will be in your corner all the way.” N.T.








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