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Federal Court Orders Recovery of Nearly $2.3M for Victims of an Online Romance Scam

News Corporate Finance & M&A Sanctions & Fines
Date: 21st Mar, 2025 Source: Commodity Futures Trading Commission (CFTC) Country: USA Original Source

Brief

On March 21, 2025, the Commodity Futures Trading Commission (CFTC) issued an update regarding Federal Court Orders Recovery of Nearly $2.3M for Victims of an Online Romance Scam". The U.S. District Court for the District of Arizona ordered Debiex to pay a $221,466 civil monetary penalty and over $2.2 million in restitution for misappropriating customers' funds through a digital asset trading scheme.

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Commodity Futures Trading Commission (CFTC)

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