Forex Trader Must Pay $11.8M For Ponzi-Like Scheme

By Danielle Ferguson (April 24, 2024, 6:12 PM EDT) -- A Michigan federal judge on Tuesday said a purported forex commodity pool operator and its agent must pay more than $11.8 million in penalties and restitution for bilking participants in a Ponzi-like scheme, after the defendants ignored a Commodity Futures Trading Commission suit....

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