July 19, 2019
Posted July 19, 2019
Kelvin Ramirez of Houston, Texas, was ordered to pay more than $2.9 million – $2.2 million as a civil penalty, and $736,000 in restitution – in a default judgment that also permanently barred him from trading in any CFTC-regulated market or registering with the CFTC. Ramirez solicited clients through social media platforms, offering bogus forex trading schemes. CFTC
Tagged in: Financial and Investment Fraud, Fraud in CFTC-Regulated Markets, Misrepresentations,