CFTC Orders Man and Company to Pay Over $31 Million in Forex and Crypto Fraud
Odaily2024/07/26 17:15
By:Odaily
Odaily News The U.S. Commodity Futures Trading Commission (CFTC) announced today that Senior Judge David C. Guaderrama of the U.S. District Court for the Western District of Texas has ruled on July 9 that Abner Alejandro Tinoco and his company Kikit Mess Investments, LLC, must pay a total of more than $31 million in monetary restitution, including $6,203,792.18 in restitution to 199 victims, $6,257,904.89 in disgorgement and an equal credit for any restitution paid to victims, and a civil monetary penalty of $18,773,714, which is three times the illegal proceeds from their fraudulent foreign exchange and cryptocurrency schemes. (CFTC)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Roblox will allow devs to skip Robux and charge players in fiat money
Cointelegraph•2024/09/07 21:48
VanEck’s Matthew Sigel Defends Ethereum’s Strong Utility Despite Bearish Market
Cryptonewsland•2024/09/07 20:39
![](https://img.bitgetimg.com/multiLang/image/social/e201343e99422f1587dcca6032544c281725741543205.jpg)
How Solana is Surpassing Ethereum in Blockchain Performance
Cryptonewsland•2024/09/07 20:39
![](https://img.bitgetimg.com/multiLang/image/social/19c85f4faba5949f3815555cb0a7c7711725741542820.jpg)
Debunking Bitcoin Myths: Separating Fact from Fiction in Cryptocurrency
Cryptonewsland•2024/09/07 20:39
![](https://img.bitgetimg.com/multiLang/image/social/946e527ab045281260662008d4e7ed021725741542403.jpg)