July 10, 2020

Perfection PR Firm LLC (PPR) and owner Joshua Christian McDonald have been ordered to pay $360,565 in restitution and $935,907 in civil monetary penalty for committing fraud, misappropriating customer funds, and operating without proper registration.  While running an off-exchange foreign currency (forex) trading scheme, the defendants solicited $440,000 from 12 customers by promising them growth in value of 10-50% per month.  However, most or all of the funds that were not lost in trades were eventually transferred to McDonald.  CFTC

Tagged in: Criminal Proceedings, Fraud in CFTC-Regulated Markets,