CFTC goes after fraudulent precious metals scheme Regal Assets
Regal Assets misappropriated more than $21 million of the funds provided by more than 120 customers.
Regal Assets misappropriated more than $21 million of the funds provided by more than 120 customers.
From February 2019 to June 2021, Mosaic Exchange fraudulently solicited individuals to open accounts with and transfer BTC for Mosaic to trade futures.
The CFTC has secured a preliminary injunction freezing the assets of Timothy Stubbs, involved in fraudulent FX scheme ROFX.net.
The order requires Advantage to pay a $395,000 civil monetary penalty and to cease and desist from any further violations.
The Court has stayed the CFTC action against Celsius Network and Alexander Mashinsky due to a motion to intervene by the US Government.
The CFTC and defendant Dichao Xie, charged with futures and options trading fraud, have negotiated and reached an agreement.
The Commodity Futures Trading Commission (CFTC) issued an order today simultaneously filing and settling charges against Jacob Orvidas.
Deridex and Opyn are charged with failing to register as a swap execution facility (SEF) or designated contract market (DCM).
The order stems from a CFTC complaint filed on June 30, 2022 and requires MTI to pay more than $1.7 billion in restitution to defrauded victims.
CFTC alleges that My Forex Funds minimizes the likelihood that customers trade profitably, by using pretexts to terminate customer accounts.