Fraudster Ordered to Pay $36M for Forex and Digital Asset Scam
A federal court has ordered New York resident William Koo Ichioka to pay over $36 million for his involvement in a forex and digital asset fraud scheme
William Koo Ichioka, a New York resident, has been ordered by a federal court to pay over $36 million for his role in a forex and digital asset fraud scheme, according to an announcement made on Friday by the Commodity Futures Trading Commission (CFTC). The regulator stated:
The order mandates that Ichioka pay $31 million in restitution to defrauded victims and a $5 million civil monetary penalty in connection with his fraudulent foreign currency (forex) and digital asset fraud scheme.
This ruling comes after Ichioka admitted to defrauding investors by fabricating financial documents and making false promises regarding investment returns in digital assets.
In addition to the financial penalties, Ichioka received a 48-month prison sentence for related criminal charges, including commodities fraud and wire fraud.
Ichioka's scheme, which began in 2018, involved misleading investors by promising a guaranteed 10% return every 30 business days. While some of the funds were invested in forex and digital asset commodities, Ichioka personally misappropriated the majority of the participant money.
The CFTC noted:
Although Ichioka invested some funds in forex and digital asset commodities, he commingled participant money with his own funds and used participant funds for his own personal expenses, including, among other things, rent for his personal residence, jewelry, including watches, and luxury vehicles.
To sustain the fraud, he overstated the value of his investments through false account statements and other financial documents.
以上是Fraudster Ordered to Pay $36M for Forex and Digital Asset Scam的详细内容。更多信息请关注PHP中文网其他相关文章!

热AI工具

Undresser.AI Undress
人工智能驱动的应用程序,用于创建逼真的裸体照片

AI Clothes Remover
用于从照片中去除衣服的在线人工智能工具。

Undress AI Tool
免费脱衣服图片

Clothoff.io
AI脱衣机

Video Face Swap
使用我们完全免费的人工智能换脸工具轻松在任何视频中换脸!

热门文章

热工具

记事本++7.3.1
好用且免费的代码编辑器

SublimeText3汉化版
中文版,非常好用

禅工作室 13.0.1
功能强大的PHP集成开发环境

Dreamweaver CS6
视觉化网页开发工具

SublimeText3 Mac版
神级代码编辑软件(SublimeText3)

在对投资者的毁灭性打击中,OM咒语加密货币在过去24小时内倒塌了约90%,价格下降到0.58美元。

您是否注意到了加密货币世界中模因硬币的迅速崛起?最初的在线笑话很快发展成为有利可图的投资机会

随着恐惧在加密货币市场的销售驱动器,诸如Cardano和Solana之类的主要硬币面临艰难时期。

法案草案据称旨在解决能源需求不断上升的环境影响,并保护家庭免受更高的能源费用

领先的数字资产经理Bitwise已宣布在伦敦证券交易所(LSE)上列出了其四个加密交易所交易产品(ETP)。

在今天早些时候的公告中,日本公司Metaplanet透露已收购了另外319个比特币(BTC),将其总公司持有量推高了4,500 BTC。