# CFTC Charges Florida-Based Southern Trust Metals, Inc. and Robert Escobio, and His BVI-Based Entity Loreley Overseas Corp., with Operating an Illegal Precious Metals Scheme, among other Violations

> CFTC release 6969-14 · 2014-08-02 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 6969-14
- **Release date:** 2014-08-02
- **Type:** Other enforcement
- **Title:** CFTC Charges Florida-Based Southern Trust Metals, Inc. and Robert Escobio, and His BVI-Based Entity Loreley Overseas Corp., with Operating an Illegal Precious Metals Scheme, among other Violations
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6969-14

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6969-14, "CFTC Charges Florida-Based Southern Trust Metals, Inc. and Robert Escobio, and His BVI-Based Entity Loreley Overseas Corp., with Operating an Illegal Precious Metals Scheme, among other Violations", 2014-08-02. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/6969-14.

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