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Commodity Futures Trading Commission v. Empires Consulting Corp. et al
Case Number:
1:22-cv-21997
Court:
Nature of Suit:
Judge:
Government Agencies
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February 05, 2025
EmpiresX Crypto Platform Operators Ordered To Pay $129M
A Florida federal court has entered a default judgment against two Brazilian co-founders and the head trader of the EmpiresX trading platform, ordering them to pay more than $129 million for allegedly taking investor funds in a fraudulent commodity pool scheme and lying that their money wasn't used to trade cryptocurrencies.
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September 08, 2022
EmpiresX Trader Pleads Guilty In $100M Crypto Scheme
The purported head trader of a cryptocurrency platform prosecutors allege was a Ponzi scheme pled guilty to one count of securities fraud in a Florida federal court Thursday, with the government agreeing to dismiss the only other count against him.
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June 30, 2022
DOJ Charges 3 Fla. Men With Running $100M Crypto Scheme
The U.S. Department of Justice announced Thursday it charged three men who ran a purported hedge fund in Florida with wire fraud and securities fraud for allegedly generating $100 million in a cryptocurrency-based Ponzi scheme.