The Traders Domain scammers consent to prelim injunctions
Several The Traders Domain scammers have consented to preliminary injunctions.
Between October 22nd and 25th, the CFTC filed preliminary injunction consent orders pertaining to:
- Traders Domain FX LTD, dba The Traders Domain;
- Ares Global LTD, dba Trublue FX, Algo Capital LLC, Algo FX Capital Advisor LLC (nka Quant5 Advisor LLC);
- Centurion Capital Group Inc.;
- Alejandro Santiesteban, aka Alex Santi;
- Archie Rice;
- Gabriel Beltran;
- Michael Shannon Sims, aka Mike Sims; and
- John Fortini
As of October 28th, the court has issued preliminary injunction consent orders for Traders Domain FX LTD, Ares Global LTD, Centurion Capital Group, Alejandro Santiesteban, Archie Rice and Gabriel Beltran.
The injunctions were granted based on:
- the CFTC making a prima facie showing that the consenting defendants violated the Commodities Act;
- the CFTC being likely to succeed on the merits of its enforcement action; and
- “reasonable likelihood” that the The Traders Domain defendants “will transfer of dissipate assets or destroy records”
The granted preliminary injunctions freeze the defendants’ assets, allowing the court appointed Receiver to conduct “expedited discovery” and inspect frozen assets.
A show cause hearing, pertaining to preliminary injunctions against the remaining The Traders Domain defendants, has been pushed back to November 12th, 2024.
Update 6th November 2024 – On October 31st the CFTC filed an injunction consent motion pertaining to Steven Likos.
Between October 31st and November 1st orders granting consented injunctions against Mike Sims, John Fortini and Steven Likos were made.
Update 13th November 2024 – The show cause and preliminary injunction hearing has been continued to December 12th.
Holton Buggs has also filed for dissolvement of the The Traders Domain Receivership.
So non for holton?
Holton Buggs hasn’t consented to a preliminary injunction. If he doesn’t show cause as to why one shouldn’t be granted that’ll happen on November 12th (unless the court takes the matter under advisement).
Oz . . . does your answer to Ray’s question regarding Holton Buggs also apply to the great manipulator Eric Worre?
If so, is there a chance the “wheels of justice” will eventually catch up to Buggs and Worre and people like them? Much thanks.
Worre is not a defendant so there is no injunction pending. Worre will likely be subject to clawbacks when the time comes.
I can’t speak to “wheels of justice” but Buggs is going to take a financial hit on this one.
Article updated with latest on injunction consent orders.
Oz or anybody.. Have you guys seen any place where victims can write to CFTC to notify and show the money lost in this , a claim.
You can contact the CFTC through their website. There is no official Traders Domain victim claim portal.