CFTC accuses fraudulent trading platform of defrauding investors, involving an amount of 3.6 million dollars

2024-09-29 19:35:34

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ChainCatcher News: The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a fraudulent trading platform and its affiliates, accusing them of defrauding investors for amounts up to $3.6 million. The scheme primarily targeted Asian Americans, involving the raising of funds in both fiat currency and digital assets, falsely promising to engage in commodity futures trading, while the actual funds were misappropriated and transferred overseas.

The CFTC has brought a civil case against Aipu Ltd. and several other defendants, accusing them of fraudulently soliciting funds from at least 32 clients. The regulatory agency stated that it will seek restitution, the forfeiture of illegal proceeds, the imposition of civil monetary penalties, and a permanent injunction against further violations.

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