Tarrytown, NY – October 24, 2019 – Eyal Alperof is facing charges of fraud and misappropriation of funds following a civil enforcement action filed by the U.S. Commodity Futures Trading Commission (CFTC) in the U.S. District Court for the Southern District of New York. The CFTC alleges Alper defrauded members of the public by soliciting funds for futures and foreign currency (forex) trading accounts he falsely claimed to manage.
According to the complaint, Alper misappropriated at least $280,000 from investors. The CFTC asserts that Alper never actually opened trading accounts for his customers, despite promising to do so. Instead, he allegedly commingled customer funds with his personal funds and sent fabricated statements reporting fictitious profits.
The CFTC is seeking restitution for the defrauded customers, as well as the disgorgement of any ill-gotten gains Alper may have received. Additionally, the agency is pursuing civil monetary penalties, a permanent ban on Alper’s registration and trading activities, and a permanent injunction to prevent future violations of federal commodities laws.
The CFTC acknowledged the assistance of the U.K. Financial Conduct Authority in this matter. Alan Edelman, Kara Mucha, Daniel Jordan, and Rick Glaser of the CFTC’s Division of Enforcement are leading the litigation. The agency also highlighted a recent increase in forex trading scams and encourages potential investors to be aware of warning signs of fraud, as detailed in its Forex Fraud Advisory.
Source: CFTC.gov
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