The Commodity Futures Trading Commission - CFTC Archives - The Industry Spread

Federal Court Orders Forex Fraudster and His Companies to Pay More Than $2.2 Million for Fraudulent Solicitation and Misappropriation of Customer Funds

March 22, 2019

The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Central District of California, Western Division, entered an order which granted the CFTC’s motion for default judgment (Order) and a judgment consistent with the Order (Judgment) against defendants Jin Choi (Choi), a citizen of the Republic of South Korea with a last known residence in Los Angeles, California, as well as his companies Apuro Holdings Ltd (Apuro) d/b/a, ApuroFX, JCI Holdings USA (JCI), and d/b/a JCI Trading Group, LLC (collectively the defendants), in connection with a fraudulent foreign currency (forex) scheme that victimized customers in the United States, Australia, Indonesia, and elsewhere.

CFTC Continues Assault on Virtual Currency Fraudsters

January 25, 2018

The Commodities Futures Trading Commission continued its campaign against virtual currency fraudsters with the announcement of a civil action for fraud and misappropriation of funds in a new virtual currency scheme.