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US Court Hits FX and Binary Options Pool Fraud with $29M in Penalty

US Court Hits FX and Binary Options Pool Fraud with $29M in Penalty

The scheme operated for five years.

The operators misappropriated funds and made Ponzi payments.

A US court has granted the CFTC’s motion of default judgment against forex and binary options pool fraud and the operators, slapping them with more than $29 million in restitution and penalties.

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