Tag: New York
Barclays Capital Inc, Supervision Failure, New York 2016
New York, NY – August 4, 2016 – Barclays Capital, Inc. has been penalized $800,000 by the U.S. Commodity Futures Trading Commission (CFTC) for failing to adequately supervise its fee processing procedures. The CFTC issued an order finding that Barclays, a Connecticut corporation headquartered in New York City, did not diligently supervise officers, employees, and…
Scott Platto, Precious Metals Fraud, New York 2016
STATEN ISLAND, NY – October 19, 2016 – Scott Platto has been hit with a hefty penalty and trading ban following a federal court judgment in a Commodity Futures Trading Commission (CFTC) case. The judgment, entered on October 12, 2016, by U.S. District Judge Ann M. Donnelly, stems from a CFTC complaint filed on September…
Alex Vladimir Ekdeshman, Forex Fraud, New York 2017
New York, NY – January 9, 2017 – The U.S. Commodity Futures Trading Commission (CFTC) has secured judgments against Alex Vladimir Ekdeshman and others involved in a $2 million forex fraud scheme. The scheme targeted approximately 112 members of the public between April 2013 and May 2014. The U.S. District Court for the Southern District…
Jan Ludwick, Misleading Statements, New York 2021
WASHINGTON, D.C. – Jan Ludwick, a principal at Tether Holdings Limited, faces penalties after the Commodity Futures Trading Commission (CFTC) issued an order on October 15, 2021, simultaneously filing and settling charges against Tether Holdings Limited and affiliated entities for making false and misleading statements regarding the reserves backing the USDT stablecoin. The CFTC alleges…
Jan Ludwick, Misleading Statements, New York 2021
WASHINGTON, D.C. – Jan Ludwick, a principal at Tether Holdings Limited, faces penalties after the Commodity Futures Trading Commission (CFTC) issued an order on October 15, 2021, simultaneously filing and settling charges against Tether Holdings Limited and affiliated entities for making false and misleading statements regarding the reserves backing the USDT stablecoin. The CFTC alleges…
CX Futures Exchange, Regulatory Failures, New York 2022
WASHINGTON, D.C. – CX Futures Exchange, L.P. (CX), a New York-based designated contract market, has been penalized $6.5 million by the Commodity Futures Trading Commission (CFTC) for multiple regulatory violations, the agency announced on September 29, 2022. The charges stem from failures in system safeguards, swap and option reporting, and providing false statements to the…
Gemini Trust, Misleading Statements, New York 2025
WASHINGTON, D.C. – The Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Southern District of New York entered a consent order against Gemini Trust Company LLC on January 13, 2025. The order permanently enjoins Gemini and finds the company violated the Commodity Exchange Act (CEA) by making materially false…
Rashawn Russell, Fraud, New York 2025
Brooklyn, NY – Rashawn Russell, a New York resident, has been permanently banned from trading and soliciting funds after being found liable for a fraudulent digital asset scheme, the Commodity Futures Trading Commission (CFTC) announced on February 10, 2025. The U.S. District Court for the Eastern District of New York entered an order against Russell,…
Shivam LNU, Alien Smuggling, New York 2025
BODY: In a dark underworld of human trafficking, a 22-year-old Indian national has pleaded guilty to his role in smuggling a dozen aliens into the United States. Shivam LNU, a key player in the operation, coordinated the transportation of these individuals from the Canadian border into Northern New York. According to court documents, LNU’s scheme…
Christos Christakis, Bank Fraud, New York 2026
⏱ 2 min read A former Hellenic Orthodox priest, Christos Christakis, 57, of Cincinnati, OH, is accused of stealing hundreds of thousands of dollars from the Hellenic Orthodox Church of the Annunciation (HOCA) in Buffalo, NY. Christakis allegedly inserted a provision into the church’s by-laws in 2011, giving him complete control over the Priest Discretionary…
