CFTC secures $1.7bn Court order against Mirror Trading International Proprietary Limited
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.
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.
The FCA has secured money that will be paid to consumers that were subject to illegal forex trading promotions made by Mohammed Maricar.
The B.C. Securities Commission (BCSC) has permanently banned a convicted fraudster from participating in B.C.’s investment market.