Following contempt proceedings initiated against him, Alejandro Santiestaban, aka Alex Santi, has been ordered to cooperate with the Traders Domain Receiver.

Santi will also foot half the Receiver’s legal costs in getting him to follow the court’s orders.

As per a filing from the Receiver in the lead up to the order;

The Defendants assert that they should not be held in contempt because they have made good faith efforts to comply with the Orders.

The Defendants’ conduct, however, demonstrates a disregard for the Court’s authority, and failure to meaningfully attempt to comply with the Receiver’s requests until being faced with the Receiver’s Motion. And, they still have not fully complied.

“Defendants” refers to Santi and Archie Rice, who the Receiver also asserted was in contempt.

The court doesn’t appear to have held Rice in contempt however, so we’ll take references to “defendants” in this article as only referring to Santi.

Contrary to Mr. Santi’s assertions, he has failed to comply with the Orders by, inter alia, failing to provide the Receiver with a luxury watch, the requested information regarding his four vehicles, his assets, the various business entities controlled and/or owned by him, and the expenses claimed in his proposed monthly budget.

For example, the Receiver requested Mr. Santi turn over his Rolex Daytona but he failed to do so and has not attempted to explain his failure.

Also, the Receiver requested all documents related to Mr. Santi’s involvement with Alpha Trader, LLC, including organizational documents, operating agreements, and other documents reflecting Mr. Santi’s ownership and involvement with the business … but Mr. Santi has not produced any such documentation.

The Receiver made numerous attempts to acquire necessary information from Mr. Santi including: a completed financial disclosure, turnover of the Rolex Daytona, lease agreements and statements regarding his vehicles, a firearm inventory, account statements for his banking accounts and any other businesses controlled by him, documents related to Alpha Trader, LLC, and documents related to Centurion Capital.

In sum, Mr. Santi has engaged in a pattern of a lack of good faith efforts to comply with the Orders, including failing to provide full and necessary documentation to the Receiver.

The court held a hearing on the Receiver’s motion on February 26th. After the hearing, the following order was issued;

Defendant Alejandro Santiestaban shall appear for deposition set for tomorrow, February 27, 2025.

Mr. Santiestaban shall produce at his deposition all remaining documents and items requested by Court appointed Receiver … in his November 7, 2024 correspondence.

The deposition of Mr. Santiestaban shall be held open upon the complete review of the documents to be produced at his deposition, allowing the Receiver to re-depose Mr. Santiestaban should the need arise.

Mr. Santiestaban is compelled to fully comply with the Statutory Restraining Order and the subsequent Consent Order of Preliminary Injunction no later than March 7, 2025.

The Receiver’s request for attorney’s fees in the amount of $2,890.00 as a result of the expenses incurred in an effort to obtain Defendants’ compliance is granted. The amount shall be split evenly between Mr. Rice and Mr. Santiestaban.

The CFTC filed suit against Traders Domain and associated scammers in October 2024.

Santi and Rice were co-owners of Centurion Capital Group INC, a Florida shell company through which The Traders Domain investor funds are believed to have been laundered.