Case Closed: Len Cipolla

On May 14, 2021 the CFTC or Commodity Futures Trading Commission obtained a final court order in the Eastern District of Virginia requiring Leonard Cipolla to pay $5.1 million in restitution for fraud. In particular, because of his phony and fraudulently produced record of trades. Many readers might remember crazy Len from back in 2016-18 when he was being promoted on the seminar circuit. He was quite the showman. Apparently, he created a “secret trading system” that “virtually guaranteed” that anyone that purchased his amazing trading system at $5k per sucker would surely realize gains of 10-30% per month. Crazy … Continue reading Case Closed: Len Cipolla