From January 2019 to March 2021, Roberto Pulido, aided by Lions of Forex LLC, fraudulently solicited clients for the purported purpose of trading Forex.
The CFTC has secured a preliminary injunction freezing the assets of Timothy Stubbs, involved in fraudulent FX scheme ROFX.net.
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.
The CFTC has filed a complaint against Dwight A. Foster and K.E.L. Enterprises for engaging in a multimillion-dollar fraudulent scheme.
Immediate Connect claimed to be “the ideal solution for those who want to get rich quickly”, “earn a million euros in 12-15 weeks”.
This is CFTC’s first case involving a romance scam, commonly known as “Pig Butchering,” a type of fraud that is growing in popularity.
The CFTC has secured a Court order against Kay Yang and her companies, AK Equity Group LLC and Xapphire LLC.
Anthony Constantinou did not attend the later stages of his trial after skipping bail in April 2023, and remains at large.
This action against Cornelius Johannes Steynberg is also the largest fraudulent scheme involving Bitcoin charged in any CFTC case.