US Court of Florida Orders Man to Pay $2.5M on a Binary Options Fraud Case.
The order noted that Montano established a fraudulent scheme asking people via email, websites, and video sales letters to acquire an alleged successful automated trading system that could trade customers’ funds in binary options. The individual relied on fake trading results, fabricated testimonials and the background of nonexistent creators to make the bogus investment opportunity look legitimate.
Costa Rican Firms Involved in Commodities Trading Fraud.
Additionally, the CFTC clarified that the court’s order came in the wake of a complaint filed by them on September 27, 2018, charging Montano with solicitation fraud related to binary options trading.
"The CFTC cautions victims that restitution orders may not result in the recovery of money lost because wrongdoers may not have sufficient funds or assets," the CFTC added.
Yesterday, the US CFTC filed an enforcement action to charge Rudy Avila. Furthermore, six firms were allegedly involved in fraudulent solicitation to trade in commodity futures, options on commodities futures, retail off-exchange, misappropriation of funds and issuing false statements.
The order noted that Montano established a fraudulent scheme asking people via email, websites, and video sales letters to acquire an alleged successful automated trading system that could trade customers’ funds in binary options. The individual relied on fake trading results, fabricated testimonials and the background of nonexistent creators to make the bogus investment opportunity look legitimate.
Costa Rican Firms Involved in Commodities Trading Fraud.
Additionally, the CFTC clarified that the court’s order came in the wake of a complaint filed by them on September 27, 2018, Binary Options charging Montano with solicitation fraud related to binary options trading.
"The CFTC cautions victims that restitution orders may not result in the recovery of money lost because wrongdoers may not have sufficient funds or assets," the CFTC added.
Yesterday, the US CFTC filed an enforcement action to charge Rudy Avila. Furthermore, six firms were allegedly involved in fraudulent solicitation to trade in commodity futures, options on commodities futures, retail off-exchange, binary options misappropriation of funds and issuing false statements.