The CFTC – Commodity Futures and Trading Commission has recently filed a complaint within the United States District Court against four people affiliated with the “Global Trading Club” for soliciting users’ money with a Bitcoin [BTC] scam scheme.
CFTC recently revealed that it had filed the complaint within a United States court against 4 people who stole funds from victims under the Bitcoin investment scam scheme. The individuals scammed investors under the name GTC [Global Trading Club], a bitcoin trading business claiming to extend customer deposits. They also fraudulently solicited $989k from 27 different investors. 3-people involved within the scam are from Texas while one is from Florida listed as defendants. They are:
- Joel Castaneda Garcia from Florida.
- Mayco Alexis Maldonado Garcia form Texas.
- Cesar Castaneda form Texas.
- Rodrigo Jose Castro Molina from Texas.
The lawsuit alleges that the defendants made false statements to their investors from August 2016 to October 2017. Defendants posted a misleading transaction statement to point out that customers were making tons of profits from their illicit investment schemes, but they didn’t make it, the CFTC added.
The defendants business GTC, employs “master traders” & trading robots to trade Bitcoin 24/7 for their investors. Defendants additionally falsely added that the customer’s revenue would further increase while depositing their profits. Most crypto seminars of GTC targeted individuals who spoke Korean & Spanish.
While adding further, CFTC added:
“The CFTC seeks disgorgement of illicit gains, civil monetary penalties, permanent registration & trading bans, and a final injunction against further violations of the Commodities Exchange Act & the Commission’s regulations.”