February 21, 2020
of Illinois and his Nevada corporations, Dinar Corps., Inc.
and My Monex, Inc.
, have agreed to pay the CFTC more than $22.6 million
in disgorgement and civil monetary penalties after being found liable for violations of the Commodity Exchange Act arising from defendants’ alleged registration violations, misappropriation of investor funds, and fraudulent solicitation of customers to engage in financed retail forex transactions involving Iraqi Dinar and Vietnamese Dong. To settle a related criminal action, Tayeh has been sentenced to 1 year
in prison, ordered to forfeit more than $8 million
, and ordered to pay more than $150,000
in restitution to victims. CFTC