The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted […]Regulation, Aipu Ltd., Asian American, CFTC, Chao Li, Commodity Exchange Act, Digital Asset, Fiat, Fidefx, Fraud, Lan Bai, offshore, penalties, Qian Bai, Restitution, tradingRead More

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