An associate of the Hunts agreed to pay a fine.
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Naji Robert Nahas of Brazil will pay a record $250,000 fine and turn over documents from the Hunt brothers’ attempt to corner the silver market six years ago, the Commodity Futures Trading Commission said. Nahas refused to turn over the documents during a 1983 investigation into the case. The $250,000 fine is the largest civil fine ever assessed against an individual in a futures trading case. Without admitting his guilt, Nahas also agreed to a five-year ban on futures trading in the United States and to an order against further manipulation of futures markets.
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