Federal Court Orders South African CEO to Pay Over $3.4 Billion in CFTC Forex Fraud Case

Statement of Erika Kelton, Partner and whistleblower attorney with Phillips and Cohen

“This is a historic action that shows the new CFTC Director of Enforcement Ian McGinley is willing to put teeth into the CFTC’s enforcement agenda.  It also sets a strong precedent for whistleblowers, and I expect that we will see more individuals stepping forward to report significant violations of the Commodity Exchange Act.”

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