The United States Commodity Futures Trading Commission (CFTC) has provided information on the progress of its action against a $4.8 million fraudulent binary options scheme and the individuals behind it. The information is contained in a document filed by the regulator with the Illinois Northern District Court on January 26, 2022, and seen by FX News Group.
Let’s recall that, on May 1, 2019, the CFTC filed its complaint against William Thomas Caniff, Arie Bos, Berkley Capital Management, LLC, BBOT 1, LP, and Berkley II, LP. The Complaint charged the Defendants with fraud in connection with a scheme whereby they are alleged to have fraudulently solicited and accepted at least $4.8 million from at least 62 commodity pool participants for the purpose of trading binary options in pool accounts to be managed by BCM.
Caniff is alleged to have lied on his account application at the binary options trading firm, the North American Derivatives Exchange, Inc. (“NADEX”), to conceal an extensive criminal background. Caniff used only a small portion of participants’ funds to trade binary options through this NADEX account and sent Bos fabricated statements reflecting exaggerated reports of profits made while trading.
The CFTC also alleges that Bos ignored numerous red flags and recklessly accepted Caniff’s reports of profitable trading without reasonably verifying the results and then used those results to both solicit participants with claims of past profitable trading and to generate false statements that he sent to them showing grossly-inflated profits.
Caniff is alleged to have misappropriated a substantial portion of the participants’ funds, paying Bos and himself between $1.1 million to $1.2 million each as “fees” based on false profits. The Complaint also alleges that Caniff misappropriated funds to pay some participants a total of $2.3 million in a manner akin to a Ponzi scheme, leaving an investor shortfall of approximately $2.5 million.
According to the latest update, Bos is a defendant in a bankruptcy proceeding in the Netherlands. Most of the creditors to the bankruptcy who are likely to file claims are also among the alleged fraud victims in the case brought by the CFTC in the United States. A proposal to resolve the bankruptcy was made by Bos and accepted by the creditors on January 12, 2022.
According to the bankruptcy trustee, should the Netherlands court ratify the proposal, Bos will, nevertheless, be precluded from invoking the final discharge before the Illinois Northern District Court. Further, the Netherlands’ creditors who are Bos’ investors will not be precluded from taking recourse in the U.S. on any of the assets of the Defendants in the CFTC case, including those owned by Bos.
The CFTC also notes that should it prevail in its case against the Defendants, their assets in the U.S., including those frozen in this case, will be applied to defray the remaining balance owed Defendants’ victims, with an adjustment for payments already made to those victims through the Netherlands bankruptcy.
On January 26, 2022, the CFTC moved for an extension of the discovery period, currently scheduled to end on February 1, 2022, by four months to June 1, 2022 and extension of the deadline for dispositive motions to September 1, 2022.
Los motivos más comunes de infidelidad entre parejas son la infidelidad y la falta de confianza. En una época sin teléfonos celulares ni Internet, los problemas de desconfianza y deslealtad eran menos problemáticos que en la actualidad. https://www.xtmove.com/es/how-to-secretly-hack-my-wife-phone/
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Çankaya’da gerçek bir deneyim yaşamak istiyorsanız bu siteyi mutlaka değerlendirin. Her profilde özen ve profesyonellik var.
Birçok sitede kandırıldım ama burada ne gördüysem onu yaşadım. AnkaraRusModel, Ankara escort hizmetinde kaliteyi temsil ediyor.
Ankara’da hem yerli hem yabancı model seçenekleriyle böyle bir siteye denk gelmek nadir. Ankara escort pazarında bir numara.
Yıllardır farklı platformlar denedim ama böyle bir Ankara Escort hizmet kalitesine ilk defa rastladım. Kesinlikle güvenle tavsiye ederim.
Her profilde özen ve kaliteyi görmek mümkün. Ankara Escort sektöründe gerçekten fark yaratıyorlar.
Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplayBonus offer.
https://beyond-memories.com/ offers unique ways to remember those you love. Their custom keepsakes and memorials transform memories into lasting treasures, helping you carry emotional bonds forward with beauty and grace.
Ateş Ölçerler/Termometreler kategorisinden alışveriş yaptım. Ateş Ölçerler/Termometreler ürünleri kaliteli, hızlı kargolu ve kullanışlı. Tavsiye ederim.
Egzersiz Bandı kategorisinden alışveriş yaptım. Egzersiz Bandı ürünleri kaliteli, hızlı kargolu ve kullanışlı. Tavsiye ederim.
Dental-related pain can be a disruptive and distressing experience, but understanding its causes and symptoms can help in seeking the right treatment. 247 local dentist group
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Verdiente Punkte können gegen Freispiele, Cashback oder exklusive Turniereinträge eingetauscht werden. Behalten Sie
die aktuellen Werbeaktionen von Frank Casino im
Auge, um Updates zu erhalten, da saisonale Kampagnen die Belohnungen für beide
Gruppen vorübergehend erhöhen können.
Bevor Sie irgendetwas zustimmen, stellen Sie sicher, dass Sie alle Allgemeinen Geschäftsbedingungen sorgfältig
lesen.
Durchsuchen Sie alle von Frank Casino angebotenen Boni, einschließlich jener Bonusangebote, bei denen Sie keine Einzahlung vornehmen müssen, und
durchstöbern Sie auch alle Willkommensboni, die Sie bei Ihrer ersten Einzahlung erhalten werden. Deshalb ist es unserer Meinung nach ratsam, nach einem besseren Online Casino zu suchen, in dem Sie beruhigt
spielen können. Frank Casino bietet sofortigen Kundensupport
über dasselbe Sicherheitspanel, sodass sie schnell reagieren können,
wenn sie etwas Verdächtiges sehen. Genauso einfach ist es, die Dinge sicherer zu
machen. Die Aufrechterhaltung eines sicheren Zugangs gibt Ihnen Sicherheit, da Sie alles erleben, was Frank
Casino bietet. Frank Casino bietet Schritt-für-Schritt-Anleitungen und reaktionsschnellen Kundensupport, der Ihnen bei
der Installation und Einrichtung hilft, wenn Sie
auf Probleme stoßen.
References:
https://online-spielhallen.de/verde-casino-promo-code-2025-25e-no-deposit-boni/
Also, if you’re into feature-loaded games, check out hits like “Valley of the Gods” or “Book of Dead” for an adventure through
ancient Egypt. Here at Stay Casino, there are tons
of online slots, and there are thousands to choose from.
On the site, you’ll find games neatly organized into seven categories, including Bonus Wagering, Live Casino, Mini Games, Popular
Games, and more.
If the main Stay Casino domain is not working, you can use mirror
links to access your account. Below is a step-by-step
guide on the login process, account recovery options, and tips to keep your account secure.
The dealers are professional, and it feels just like being at a real casino.” – Mark L. The welcome bonus was a great start, and I love the variety of slots available!
References:
https://blackcoin.co/neospin-casino-australia-a-comprehensive-overview/
online pokies paypal
References:
sportsprojobs.net
online betting with paypal winnersbet
References:
https://spin.org.pk/employer/best-paypal-online-casinos-accepting-us-players-2025