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Commodities Fraud

Through his Montano Enterprises, Ronald C. Montano, 40, of St. Cloud, Fla., defrauded investors of $2.5 million through “illegal, off-exchange binary trading accounts,” the CFTC says in a federal complaint, claiming he was aided and abetted by Michael Wright, 64, of Seattle.

ORLANDO — Through his Montano Enterprises, Ronald C. Montano, 40, of St. Cloud, Fla., defrauded investors of $2.5 million through “illegal, off-exchange binary trading accounts,” the CFTC says in a federal complaint, claiming he was aided and abetted by Michael Wright, 64, of Seattle.

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