The US regulator seeks a cease-and-desist order against the firms from violations of the Commodity Exchange Act (CEA) and CFTC regulations. CFTC’s complaint detailed that these entities have claimed to be registered FCMs and RFEDs and members of NFA since January 2023. Twelve of the companies claim to have an identical NFA identification number and…
Read more
U.S. Attorney Damian Williams said: Irina Dilkinska, the supposed Head of Legal and Compliance for the OneCoin cryptocurrency pyramid scheme, accomplished the exact opposite of her job title and allegedly enabled OneCoin to launder millions of dollars of illegal proceeds through shell companies. Dilkinska helped perpetuate a wide-ranging scheme with millions of victims and billions…
Read more
Additionally, between October 2020 and May 2022, at least 43 p[ool participants transferred around $470,780 to Yas Castellum LLC to participate in its supposed commodity pool after misrepresented historical trading records or how their funds were going to handled and traded. Furthermore, Brisco and Yas Castellum LLC, assisted by Sims, transferred the funds to entities…
Read more
The allegations against Sipina are related to Courtenay House's illegal activities, which took place between June 2015 and April 2017. The regulator called Courtenay House's operation, a Ponzi scheme. The court alleges that the group convinced at least 585 investors to invest more than $180 million based on false representations that their money would be…
Read more
The CFTC says the defendants' representations were false because Vista never traded customer assets and did not even have a trading program capable of generating the promised returns. CFTC Acting Director of Enforcement Gretchen Lowe commented: This action demonstrates our ongoing commitment to use the tools at our disposal to hold bad actors accountable in…
Read more
According to SEC, CoinDeal was never sold and no distributions were made to its investors. Furthermore, the defendants misappropriated millions of dollars of investor funds for personal use. Chandran even used the investment funds t buy cars, real estate, and a boat. Daniel Gregus, Director of the SEC’s Chicago Regional Office, said: We allege the…
Read more
Margot Gatland, FMA Head of Enforcement, said: The anti-money laundering and counter financing of terrorism regime is an important pillar to maintaining the integrity of New Zealand’s financial markets, so we take non-compliance seriously. Our case alleges Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain records…
Read more
Waugh was charged with six counts of insider trading at his court hearing on 16 December 2016. ASIC also obtained on order preventing the defendant from leaving the country. Waugh now faces 15 years imprisonment as the maximum penalty.
Read more
CFTC’s complaint alleges during a period of low market liquidity in late December 2017, Phillips manipulated the USD/ZAR exchange rate on two occasions by driving it down to levels that would trigger payouts on the option contracts. According to the official announcement Phillips orchestrated trading of massive amounts of the USD/ZAR currency pair in the…
Read more
Additionally, Reuben Akpojaro, who worked at the Group, was also charged with the same offences in May 2022. The FCA also noted that further charges were brough against Raheel Mirza and a fifth individual, Taheer Sardar, for obstruction of FCA’s investigation. According to the Agency, the two men created false documents meant to influence the…
Read more