The Traders Domain Receiver has filed five Traders Domain clawback lawsuits.

In the first round of clawback litigation, filed on October 3rd, The Traders Domain Receiver has targeted individuals and companies in the UK, an attorney in Miami, and associates of Steven Likos, Alex Santi and Mike Sims.

UK Traders Domain Clawbacks

The Traders Domain Receiver has filed clawback litigation against a UK resident and several UK companies controlled by various individuals.

  • James Lees, a resident of Charfield, England, is accused of stealing $184,347
  • On Off Technologies LTD, a UK company controlled by Jevgenija Sulga, is accused of stealing $86,000
  • Discover Tour Plus LTD, a UK company controlled by Arturs Eglitis, is accused of stealing $187,500
  • Rymax Financial Management LTD, a UK company controlled by Andrew Goldsworthy, is accused of stealing $535,000

Florida Attorney Clawback

The Traders Domain Receiver has filed clawback litigation against Nicolas Castillo and his Miami, Florida company NEC Business Consulting LLC, dba SFL Business Counsel.

Castillo is accused of representing Traders Domain promoters Alejandro Santiesteban (aka Alex Santi), Gabriel Beltran and their company Centurion Capital Group.

Santi, Beltran and Centurion Group are alleged to have stolen at least $8.4 million through The Traders Domain. All three are named defendants in the CFTC’s The Traders Domain lawsuit, filed in October 2024.

Castillo is accused of facilitating fraud by drafting Centurion Capital Group’s agreements with Traders Domain investors.

The Centurion Agreement represented that customer funds would go toward “the purchase and sale of foreign currencies in the inter-bank market,” and that a “Manager [would] apply an Expert Advisor Trading Bot” to customer funds.

The Centurion Agreement also authorized Centurion and Santi to receive up to 60% of purported trading profits as a commission.

After executing the Centurion Agreement, customers were directed to deposit funds directly into bank accounts controlled by Centurion, Santi, and/or various related insiders and third parties.

Such funds were commingled and subsequently misappropriated by Centurion and Santi, who used the funds to pay themselves and make Ponzi-style payments to certain customers.

Beginning as early as August 2022, Centurion and Santi learned that Traders Domain would not be able to process withdrawal requests, but they chose not to share this information with current customers and even solicited new customers after such time.

Specific to Castillo’s alleged role in the fraud;

[Castillo and his companies] provided legal advice and counsel, and provided legal services, to Centurion and/or Santi.

As attorneys for Centurion and/or Santi, [Castillo and his companies] owed a fiduciary duty to Centurion and Santi to, among other things, exercise diligence and care in assuring that Centurion operated in compliance with the relevant laws and in the best interests of Centurion, Santi, and Centurion customers.

At all material times, [Castillo and his companies] were or should have been aware or of the Centurion and Traders Domain business models and that:

(i) Centurion was not utilizing customer funds as outlined in the Centurion Agreement;

(ii) Traders Domain was not engaging in legitimate trading activity; and

(iii) Centurion, Santi, and Traders Domain were not operating in compliance with applicable law and regulations.

[Castillo and his companies’] actions and inactions resulted in, or significantly contributed to, Centurion and Santi continuing their fraudulent and/or Ponzi scheme.

The Traders Domain Receiver has sued Castillo and his companies for legal malpractice.

As a result of [Castillo and his companies’] breach, the Centurion and/or Santi sustained significant injury and loss including millions in damages and the payment of at least $194,000.00 in fees to the Defendants.

Alex Santi Associate

As previously noted, Alex Santi misappropriated at least $8.4 million in The Traders Domain investor funds, through his company Centurion Capital.

The Traders Domain Receiver has filed clawback litigation against Ernesto Ramos, a Miami, Florida resident.

The Traders Domain Receiver alleges Ramos is “a long-time friend and associate” of Santi’s. Ramos stands accused of receiving luxury watches valued at over $365,000 from Santi.

The funds used to purchase the watches comprising the Transfers were funds that Santi fraudulently obtained from customers in the form of commissions, fees, and/or other payments in connection with the [The Traders Domain] Ponzi scheme.

Steven Likos Associates

Steven Likos was an Algo FX Capital Advisor LLC sales representative.

Algo FX Capital Advisor was part of Algo Capital (now Quant5 Advisor LLC), a company through which millions in The Traders Domain investor funds was misappropriated by Mike Sims, Robert Collazo, Juan Herman and John Fortini (all individual defendants in the CFTC’s The Traders Domain lawsuit).

Alleging association with Steven Likos, The Traders Domain Receiver has filed clawback litigation against:

  • Benjamin Joel Glaser, a resident of Miami, Florida, is accused of stealing $109,950
  • Capote Diamonds LLC, a Naples, Florida company, is accused of stealing $75,000
  • Influencer Media Group LLC, a Miami, Florida company, is accused of stealing $175,000
  • Wolf Exotics LLC, a Montana registered company owned by Tammy Brito with its principal place of business in Hialeah, Florida, is accused of stealing $200,000

Mike Sims Associates

The Traders Domain Receiver has filed clawback litigation against Alexis Romano, an individual allegedly “closely associated” with Mike Sims.

Sims, a key player in The Traders Domain, is believed to have been heavily involved in the money laundering side of the scam.

Romano is a trustee and beneficiary of the AR Family SpendThrift Trust and Romano Family Spendthrift Trust. Through the trusts, Romano is accused of stealing $4.59 million.

Other associated individuals the Receiver has sued include:

  • Alixstair Burton, a resident of Atlanta, Georgia, is accused of stealing $59,840

  • Alejandro Imar Calderin, a resident of Miami, Florida, is accused of stealing $79,056
  • Tiffany Jones-Evans, a resident of Chicago, Illinois, is accused of stealing $77,361

As alleged by the CFTC, The Traders Domain was a ~$283 million Ponzi scheme run by Ted Safranko. Leaked investor data suggests The Traders Domain losses could be as much as $3.3 billion.

Safranko (right), a Canadian national, went into hiding as The Traders Domain collapsed in late 2022.

Safranko was also a major player in the non-MLM SAEG Ponzi scheme, through which an additional $144 million was defrauded from consumers.

Through Mike Sims, funds from the OmegaPro MLM Ponzi scheme are believed to have been funneled into The Traders Domain. OmegaPro collapsed around the same time The Traders Domain did.

Given the scope of The Traders Domain, it’s expected additional clawback litigation will be filed at some point. Note this is not a given.

Stay tuned for updates as BehindMLM continues to track The Traders Domain clawback lawsuits.