Investors take Forex platform ROFX and its founders to Court
Dozens of victims of forex trading platform ROFX have taken the entity and its founders to Court over alleged fraud.
The Complaint, seen by FX News Group, was filed in the Florida Southern District Court on September 29, 2021.
The plaintiffs are Ryan Birmingham, Roman Leonov, Mitchell Parent, Jonathan Zarley, and Steven Hansen – ROFX.net investors and citizens of the United States of America. Further, there are letters from 300 victims in support of forming a class.
The list of defendants includes: ROFX.net, Auro Advantages LLC, Aware Choice Ltd., Boonruk Ruamkit Co., Ltd., Brass Marker s.r.o., Easy Com LC, Epayments Systems Ltd., Ester Holdings Inc., Global E-Advantages LLC, Grovee, LLC, Igoria Trade S.A., IT Outsourcing Co., Ltd., Notus LLC, Shopostar, LLC, VDD-Trading, Ltd., Wealthy Developments LP, Andrei Fetin, Anna Shymko, Anton Bilous, Borys Konovalenko, Dmytro Fokin, Jorge Luis Castillo, Manuchar Daraselia, Mikhail Rymanov, Natalia Los, Nattpemol Krinara, PapahraTsor Nrviratporn, Peter Mogilniy, Stanislav Khomenko, Youras Ziankovich and John Does 1-30.
According to the Complaint, the defendants orchestrated a massive international scheme to defraud the investors by soliciting them to deposit money or cash equivalents with ROFX, a “robotically operated foreign exchange trading” platform that purportedly utilized algorithms to trade on behalf of investors. In exchange for the funds, the defendants falsely promised a return on investment in the form of a percentage of ROFX’s daily trading profit that never came to pass.
After maximizing their current account balances and creating the illusion of stability for in excess of two years, ROFX distributed little profit to its investors, prevented investors from making withdrawals, and thereafter stole all remaining investment capital to perpetuate a massive fraud that is global in scope.
The defendants’ conduct occurred as early as 2016 and has continued to the present. The Complaint alleges that, as a consequence of the defendants’ fraudulent scheme, the plaintiffs and the class members suffered significant harm, losing tens of millions of dollars by investing with ROFX under the false impression that they were investing with a legitimate foreign exchange trading platform.
The plaintiffs explain that they have brought the emergency action for fraud pursuant to Federal Rule of Civil Procedure 23 on behalf of a global class of ROFX investors. In addition to damages, including costs of suit, interest, and reasonable attorneys’ fees resulting from the defendants’ fraudulent conduct, unjust enrichment and violations of federal RICO statutes, the plaintiffs, on behalf of the class, seek injunctive relief to maintain the status quo and preserve assets for the victims of this fraudulent scheme.
Specifically, the plaintiffs seek an immediate order: (i) freezing all ROFX assets and enjoining and restraining Defendants from dissipating or encumbering any of these assets; (ii) preventing the destruction of financial records and any other relevant documents; and (iii) permitting expedited discovery into the facts alleged herein.
The plaintiffs claim that the victims’ reported ROFX account balances are in excess of $15 million and growing.
September 30, 2021 @ 6:53 pm
I too was a victim over 100k
September 30, 2021 @ 11:57 pm
Maria I’m also an ROFX victim. I’m looking for contact info of the law firm and lawyer representing the plaintiffs in the above mentioned court case.
October 1, 2021 @ 7:01 am
You can message me on FB. I am an admin to the telegram group with many plaintiffs
i am in direct contact with the law firm on this case.
October 1, 2021 @ 7:04 am
April Desiree Rumbaugh on FB
October 19, 2021 @ 8:00 pm
I’m also a victim and 2 of my family members of Rofx.
October 1, 2021 @ 7:38 am
Hi Vic!
Here is who signed the complaint:
Jose A Casal (FBN: 767522)
Sydney Alexander (FBN: 1019569)
Warren E Gluck (pro hac vice application pending) Matthew R DiBlasi (pro hac vice application pending) Ruarri M Rogan (pro hac vice application pending) HOLLAND & KNIGHT LLP
701 Brickell Avenue, Suite
3300 Miami, FL 33131
Telephone: (305) 374-8500
Facsimile: (305) 789-7799
Attorneys for Plaintiffs
Please, don’t worry if you don’t join the plaintiffs immediately. The class has yet to be certified. The lawsuit has just begun and there is a long way ahead. Be safe and good luck.
October 24, 2021 @ 7:00 am
Hello, how can I contact you? I’m also a victim of rofx. I hope you can help me. Thank you very much
Anonymous
October 1, 2021 @ 12:19 am
5
October 1, 2021 @ 7:01 am
Yo también soy victima de ROFX necesito ayuda para recuperar mi inversión y mis ganancias que son como 52,323 dólares
Anonymous
October 1, 2021 @ 7:40 am
3
Anonymous
October 3, 2021 @ 6:26 am
4.5
October 4, 2021 @ 2:48 am
I am also victim of this international ML fraud. Any help would be appreciated.
October 4, 2021 @ 12:29 pm
Hi Maria I am a student from Malaysia, and also a victim, anything I can do in this time? I cant understand too complicated english but I invest about 7k usd into rofx.. please help and thanks so much
October 4, 2021 @ 1:12 pm
Hi Yong.
I am sorry for what has happened to you.
First off, let me start by saying that I am not in a position to give legal advice. Second, please, do not believe any rosy promises about swift recovery of your funds through suspicious schemes advertised on social media.
If I were in your shoes, I would complain to the Malaysian securities markets regulator (or any financial sector watchdog you have). Given that you were robbed of your money, file a complaint with the police too, as you are a victim of a crime.
Finally, if you’d like to join this lawsuit, you can get more information from the law firm that currently represents the plaintiffs. Please, see the details in one of the earlier comments.
Be safe.
October 7, 2021 @ 1:00 am
Mine is only 2000
October 24, 2021 @ 6:27 am
I am a Chinese investor. I was cheated by rofx for tens of thousands of dollars. Now I am very anxious. Who should I contact? Please give me a contact information. Thank you
November 2, 2021 @ 3:31 pm
Hello, how can I contact you? I’m also a victim of rofx. I hope you can help me. Thank you very much
November 5, 2021 @ 1:51 am
we to we taken for ove r50k and don’t know where to turn
November 8, 2021 @ 12:26 pm
Hello
where to report as a scam victim?
Anonymous
November 9, 2021 @ 1:55 pm
1
December 5, 2021 @ 11:26 pm
I’am also a victim of Rofx and would like any help and up dates.
Thank you!