The Commodity Futures Trading Commission (CFTC) today announced that Senior Judge David C. Guaderrama of the U.S. District Court for the Western District of Texas issued a ruling on July 9 against Abner Alejandro Tinoco and his company, Kikit & Mess Investments, LLC, requiring them to pay financial compensation totaling more than $31 million.
The ruling requires Tinoco and Kikit & Mess (formerly based in El Paso, Texas) to jointly and severally pay $6,203,792.18 in restitution to 199 victims; pay $6,257,904.89 in restitution of stolen money and an equivalent deduction for any restitution paid to the victims; and a civil monetary penalty of $18,773,714, which is three times the amount illegally obtained by their forex fraud and cryptocurrency scheme.
CFTC Orders Man and Company to Pay Over $31 million in Compensation for FX and Cryptocurrency Fraud
2024-07-26 23:32:23
27 news official announcements united states commodity period commodity exchange commission cftcdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美CFTC命令一男子及其公司支付超3100万美元的外汇和加密货币诈骗赔偿Next article：
Bitwise比特币ETF昨日流入量约为3千万美元
