The special master overseeing the CFTC’s fraud case against Traders Global Group Inc. and its CEO, Murtuza Kazmi, has ordered the agency to produce exculpatory material related to a CAD $31.5 million transfer the defendants say was knowingly misrepresented to the court.
The Commodity Futures Trading Commission objected to the document request, arguing the US Supreme Court’s Brady rule mandating prosecutors turn over such materials doesn’t generally apply in civil proceedings, and that the action doesn’t fall within the limited exceptions to the rule.
But the special master, retired New Jersey federal judge Jose L. Linares, disagreed.
The CFTC …
