CFTC seeks entry of default against Lions of Forex
The Commodity Futures Trading Commission (CFTC) is pushing for an entry of default in its lawsuit against Lions of Forex LLC.
The Commodity Futures Trading Commission (CFTC) is pushing for an entry of default in its lawsuit against Lions of Forex LLC.
The CFTC has filed for a default judgment and permanent injunction against FX and binary options fraudster Patrick Wonsey.
The CFTC has been engaged in negotiations for partial resolution of its action against Timothy Stubbs, involved in fraudulent FX scheme ROFX.net.
The CFTC has filed an amended complaint against Logista Advisors LLC and its chief executive officer, Andrew Harris Serotta.
The CFTC is seeking summary judgment against Daniel W. LaMarco, who is behind fraudulent FX scheme GDLogix.
The Court sided with the CFTC insofar as $12,080,000 of My Forex Funds’ assets shall remain frozen.
The CFTC moves the Court to approve a preliminary injunction, asset freeze and the appointment of a permanent receiver in the case against My Forex Funds.
The defendants will have to pay a fine of $15,981,519, as well as restitution of $5,327,173.
The order also permanently bans Ramkishun from registering with the CFTC and from trading on any registered entity.
The CFTC seeks an entry of default against FX and binary options fraudster Patrick Wonsey d/b/a One Bell & Associates.