The Traders Domain defendants Holton Buggs and Robert Collazo have consented to preliminary injunctions.

Buggs’ consent is of particular significance as, up until very recently, he was set to raise shameful arguments in court.

Buggs’ preliminary injunction consent motion was filed on January 15th and approved later the same day. Collazo’s consent motion was filed and approved on January 9th.

The granted preliminary injunctions extend the asset freeze implemented by the previously granted TRO. Buggs and Collazo are also required to fully cooperate with the court-appointed The Traders Domain Receiver.

Other orders from the court since BehindMLM’s last The Traders Domain update include:

  • a motion for and court clerk’s entry of default against Traders Domain FX Ltd, Fredirick Teddy Joseph Safranko, William Negus-Romvari, Ares Global Ltd, Algo Capital LLC, Algo FX Capital Advisor LLC and Juan Herman on January 10th;
  • denial of Robert Collazo’s motion to dismiss on January 14th;
  • denial of Holton Buggs’ motion to dismiss on January 17th; and
  • all defendants ordered to file an answer to the CFTC’s Complaint by February 7th

A preliminary injunction hearing for the remaining The Traders Domain defendants was held as scheduled on January 24th.

As per the case docket entry;

A preliminary injunction shall be issued against Defendants Frederick “Teddy” Joseph Safranko, David Williams Negus-Romvari, and Juan “JJ” Herman. A written order will follow.

That order is expected sometime next week. I’ll leave an update below to confirm.