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CFTC Scores Default Judgment Against Alleged FX Fraudster

August 21, 2019 by Louis Chunovic

CFTC Scores Default Judgment Against Alleged FX Fraudster

An alleged foreign exchange (FX) currency investment fraudster and his defunct investment company are now facing a default judgment in the Northern District of Georgia for “failing to plead or otherwise defend” against the U.S. Commodity Futures Trading Commission’s allegation that they “fraudulently solicited and misappropriated nearly $700,000 from more than 50 clients in a… Read More >>

Filed Under: Buy-Side, Middle-Office, Operational Risk, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), FinTech Trends, Back-Office, Integration, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Social Media Tagged With: CFTC, currency investment, defraud investors, foreign exchange, fraud, FX, Kevin Andre Perry, Lucrative Pips, monetary penalty, U.S. Attorney Byung Pak

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