Have a Claim?

Click here for a confidential contact or call:

1-212-350-2774

August 10, 2021

Posted  August 10, 2021

The principles of the Global Trading Club, Mayco Alexis Maldonado Garcia, Cesar Castaneda, and Joel Castaneda Garcia, consented to an order requiring payments totaling $1.75 million in restitution and civil penalties.  The CFTC alleged that the individual falsely represented that GTC employed “master traders” in cryptocurrency transactions, promised returns to customers, and caused misleading trading statements to be posted online.  The order bars the individuals from registering with the CFTC and from trading commodity interests.  CFTC

Tagged in: Cryptocurrency, Fraud in CFTC-Regulated Markets, Misrepresentations, Ponzi Schemes,