Tag: New Money Advisors

US CFTC Imposes Over $29 Million In Restitution For Binary Options Fraud!

Binary Options Ben - July 18, 2022

The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Eastern District of California entered an order granting the CFTC’s motion for entry of default judgment against California-based John D. Black and other participants in his binary options scheme. Between 2015 and 2020 the scheme operated fraudulent binary options and forex commodity pools, misappropriated millions of dollars of those funds for personal use, and made Ponzi payments to existing pool participants with new pool participants’ funds.

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