Silver Star Live and owners Hassan Mahmoud and Candace Ross-Mahmoud have agreed to settle Commodity Exchange Act violations.

Silver Star Live
appeared on BehindMLM’s radar earlier this year. Following analysis of the companies business model, we concluded Silverstar Live was engaged in securities fraud.

When Ted Nuyten at BusinessForHome raised the same concerns a few days after our review, serial scammer Michael Faust
threatened legal action
.

When the CFTC began investigating Silver Star Live is unclear. The regulator however tracked violations of the Commodity Exchange Act beginning July 2018, seven months prior to our review.

As per the CFTC’s investigation, Silver Star Live and the Mahmouds

acted as commodity trading advisors (“CTAs”) without being registered with the Commission as such, by exercising discretionary trading authority over the forex trading accounts of U.S. customers who were not eligible contract participants (“ECPs”).

Rather then defend the CFTC’s findings, Silver Star Live and the Mahmouds
settled for $75,000
plus post-judgement interest.

Hassan Mahmoud and Candace Ross-Mahmoud are also ordered to cease and desist from committing further Commodities Trading violations.

It is somewhat curious that David Wayne Myer, aka “QuickSilver”, is not a respondent.

As above, Silverstar Live marketing credited Myer as a third co-owner of the company.

Following the collapse of Silverstar Live on or around March 2019, Hassan Mahmoud and Candace Ross-Mahmoud rebooted the scheme as
Eaconomy
.

At the time of publication Eaconomy’s website is still active.

Eaconomy is a clone of Silverstar Live and seeing as neither the company or the Mahmouds are registered with the CFTC, its continued operation places Candace and Hassan in violation of the November 4th CFTC settlement.

Whether the CFTC takes any further action remains to be seen.

🤖 Quick Answer

What violations did Silver Star Live and its owners settle with the CFTC?
Silver Star Live, Hassan Mahmoud, and Candace Ross-Mahmoud agreed to settle Commodity Exchange Act violations. They operated as unregistered commodity trading advisors beginning July 2018, engaging in unauthorized securities trading activities without proper regulatory compliance or registration with the Commodity Futures Trading Commission.

Who identified Silver Star Live as engaged in fraudulent activity?
BehindMLM analyzed Silver Star Live's business model and concluded it was engaged in securities fraud. Subsequently, Ted Nuyten at BusinessForHome raised identical concerns, prompting threats of legal action from individual Michael Faust in response to these fraud allegations and critical reviews.

What was the financial settlement amount in the CFTC case?
Silver Star Live and owners Hassan Mahmoud and Candace Ross-Mahmoud agreed to settle the C

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