CFTC Sues Cash FX Over Alleged $950M Crypto-Linked Forex Scheme

CFTC Charges Cash FX Over Alleged $950M Forex Scheme Involving Crypto

The CFTC filed a civil enforcement action against Cash FX Group S.A., its CEO Huáscar José López Castillo, and other key associates. The regulatory agency alleges that the defendants operated a massive multi-level Ponzi scheme through which they raised over $950 million from investors globally and within the US, promising algorithm- and AI-assisted Forex trading ...

CFTC Sues Cash FX over Alleged $950 Million Forex Ponzi Scheme

The Commodity Futures Trading Commission has sued Cash FX Group and four associated defendants, alleging that the company collected more than $950 million through a multilevel marketing Ponzi scheme presented as a forex trading operation.London's trading industry is coming home!According to the CFTC complaint, participants lost at least $406 million. The CFTC filed the case in the US District Court for the Middle District of Florida. The defenda…

CFTC Sues Cash FX Over Alleged $950M Crypto-Linked Forex Scheme

The Commodity Futures Trading Commission sued Cash FX Group and three people over an alleged $950 million foreign-exchange investment scheme that used cryptocurrency. The agency filed the complaint Sept. 25 in federal court in Florida, alleging the operation took money from more than 400,000 customer accounts and caused at least $406 million in losses. The […] Read The Full Article CFTC Sues Cash FX Over Alleged $950M Crypto-Linked Forex Scheme …

CFTC Charges Cash FX Group S.A. in $950 Million Fraud Scheme

The Commodity Futures Trading Commission (CFTC) has charged Cash FX Group S.A. and its CEO, along with three others, in connection with a massive $950 million fraud scheme. This significant action emphasizes the CFTC’s ongoing commitment to addressing misconduct in the financial sector,...

CFTC sues Cash FX Group and its CEO in connection with $950M fraud scheme

The Commodity Futures Trading Commission (CFTC) today announced it filed a complaint in the U.S. District Court for the Middle District of Florida against Cash FX Group S.A. and its CEO.

CFTC Alleges Cash FX Group Ran $950 Million Ponzi Scheme

The agency says participants lost at least $406 million after funds raised for retail forex trading were largely misappropriated.