Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
[U.S. CFTC Files Lawsuit Over $3.6 Million Digital Asset Fraud Scheme Targeting Asian Americans] According To Bitcoin.com, The U.S. Commodity Futures Trading Commission (CFTC) Recently Announced Charges Of Fraud And Misappropriation Of Funds Against A Fake Commodity Trading Platform And Its Affiliates, Which Is An "online Scam Targeting Asian Americans." The CFTC Has Taken Legal Action Against Aipu Ltd., Qian Bai, Lan Bai, Fidefx Investments Ltd., And Chao Li, Filing A Civil Enforcement Lawsuit In The U.S. District Court For The Western District Of Washington. The Defendants Are Suspected Of "fraudulently Soliciting And Misappropriating At Least $3.6 Million From At Least 32 Customers As Part Of A Fraudulent Investment Scheme." The CFTC Said The Plan Solicited Funds From Customers, Including Fiat Currency And Digital Assets, To Trade Commodity Futures And Foreign Exchange Contracts. The Defendants Lied That The Assets Would Be Traded Through Leveraged Or Margin Accounts. However, No Transactions Occurred And The Funds Were Transferred To Overseas Entities. The Regulator Is Seeking Multiple Forms Of Relief, With The CFTC Seeking Restitution To Defrauded Customers, Disgorgement Of Ill-gotten Gains, Civil Monetary Penalties, Trading Bans, And A Permanent Injunction Against Further Violations Of The Commodity Exchange Act (CEA) And CFTC Regulations
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data