The CFTC is reaching out directly to victims of The Traders Domain Ponzi scheme.

The federal regulator published a “confidential customer survey” on November 14th, which it claims will “provide [the] CFTC with pertinent information on this case.”

The CFTC advises The Traders Domain victims that “completion of this customer survey is voluntary and not required.”

In its continuing litigation, the CFTC seeks full restitution to defrauded customers, disgorgement of any ill-gotten gains, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act and CFTC regulations, as charged.

The Traders Domain was a ~$3.3 billion Ponzi scheme that attracted a number of well-known MLM industry figures.

The CFTC filed suit against The Traders Domain in October 2024. Named defendants in the CFTC’s suit are:

  1. Traders Domain FX LTD., dba The Traders Domain, St. Vincent and the Grenadines shell company
  2. Fredirick Teddy Joseph Safranko, aka Ted Safranko (right), co-founder of The Traders Domain
  3. David William Negus-Romvari, co-founder of The Traders Domain
  4. Ares Global LTD., dba TruBlueFX, Saint Lucia shell company
  5. Algo Capital LLC, Miami shell company
  6. Algo FX Capital Advisor LLC, nka Quant5 Advisor LLC, Delaware shell company
  7. Robert Collazo Jr., co-owner of Algo FX Capital Advisor LLC
  8. Juan Herman, aka JJ Herman, co-owner of Algo FX Capital Advisor LLC
  9. John Fortini, Vice President of Algo FX Capital Advisor LLC
  10. Steven Likos, Algo FX Capital Advisor LLC sales rep
  11. Michael Shannon Sims, aka Mike Sims, The Traders Domain promoter and insider
  12. Holton Buggs Jr., The Traders Domain promoter
  13. Centurion Capital Group INC, Florida shell company
  14. Alejandro Santiestaban, aka Alex Santi, co-owner Centurion Capital Group INC
  15. Gabriel Beltran co-owner of Centurion Capital Group INC,  and
  16. Archie Rice, Centurion Capital Group INC sales rep

Ted Safranko went into hiding after The Traders Domain collapsed. A number of defendants have already consented to preliminary injunctions and asset freezes.

Holton Buggs is challenging the CFTC’s request for a preliminary injunction. A showdown hearing is currently scheduled for December 10th.