CFTC secures final judgment against ForexnPower CEO
The order requires ForexnPower CEO Tae Hung Kang, a/k/a Kevin Kang, to pay $835,058 in restitution to victims of the fraudulent scheme.
The order requires ForexnPower CEO Tae Hung Kang, a/k/a Kevin Kang, to pay $835,058 in restitution to victims of the fraudulent scheme.
Tae Hung Kang, CEO of ForexnPower, has agreed to pay restitution in the amount of $835,058 to settle the CFTC charges.
The CFTC pushes for summary judgment against John H. Won and Tae Hung Kang a/k/a Kevin Kang, the individuals behind ForexNPower.
The CFTC has provided a status report to the Court on the settlement discussions with Tae Hung Kang a/k/a Kevin Kang.
The CFTC says it is amenable to discussing settlement terms with two of the key figures involved in fraudulent FX scheme ForexNPower.
John Won, president of ForexNPower, was convicted of securities fraud, wire fraud and money laundering conspiracies.