Richard Chase

U.S. Judge sanctions RBC for breaching order to provide documents for fraud investigation

Royal Bank of Canada has suffered the ignominy of having sanctions awarded against it by a U. S. judge who ruled the bank had "improperly withheld" documents from the U. S. Commodity Futures Trading Commission in a lawsuit regarding an alleged "massive" fraud involving RBC's operations in several jurisdictions, including the Bahamas and Cayman Islands.

CFTC v. Royal Bank of Canada: Sanctions Order

Order Granting Motion to Compel Discovery and For Sanctions in United States Commodity Futures Trading Commission v. Royal Bank of Canada at the U. S. District Court for the Southern District of New York.

US regulator accuses RBC of failing to produce key witness in fraud lawsuit

Royal Bank of Canada has been accused by the United States Commodity Futures Trading Commission of failing to produce a key witness - senior officer Richard Chase - to an alleged fraud by the bank involving its operations in several jurisdictions, including the Bahamas and Cayman Islands.