Federal Court Orders California Residents Joseph Dufresne, Megan Renkow, And Their Companies To Pay More Than $4.9 Million In Restitution And A Monetary Penalty For Fraud In Connection With Offering And Selling Futures Trading Strategies And Systems

The Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants Joseph Dufresne (a/k/a/ Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their companies, United Business Servicing, LLC and United Business Servicing, Inc. (collectively, United Business), doing business as SchoolofTrade.com (SoT), who were charged with fraud and other violations in connection with the offer and sale of futures trading strategies and systems.