My Forex Funds initiates legal proceedings against the Commodity Futures Trading Commission (CFTC), alleging intentional inclusion of false information in the STO application. This Tuesday-filed motion underscores the imperative for the court to condemn and discourage such actions by government agencies.
My Forex Funds accuses CFTC of knowingly including false information in Prop Firm News STO application.
Legal representatives, led by Rob Zink and Avi Perry, seek half of receivership cost from CFTC.
Initial fraud charges on August 28 led to freezing of company and CEO’s assets.
Defendant’s lawyers challenge CFTC’s findings, citing “recklessly mischaracterized transfers” involving CA$31.5 million.
Subsequent court order results in partial unfreezing of assets; primary fraud evidence upheld on Prima Facie basis.
Latest motion emphasizes CFTC’s acknowledgment of investigator awareness before initial complaint and Prop Firm News STO application.
My Forex Funds Takes Legal Action: Accuses CFTC of False Information in Prop Firm News STO Application
In a significant legal development, My Forex Funds alleges that the CFTC intentionally included false information in the Prop Firm News STO application. The motion, filed on Tuesday, urges the court to condemn such conduct by a government agency.
Legal Representatives Urge Strong Message: Seek Half of Receivership Cost from CFTC
Rob Zink and Avi Perry, representing My Forex Funds, push for a strong message against the CFTC’s actions in Prop Firm News. They aim to recover half of the receivership cost, asserting that the STO was obtained through false statements.
CFTC’s Acknowledgment Raises Concerns: My Forex Funds Emphasizes False Declaration in Prop Firm News
The unfolding legal battle reveals concerns about the CFTC’s actions in Prop Firm News. My Forex Funds emphasizes the knowingly false declaration submitted by the CFTC, supporting the freezing of assets and imposing a costly receivership on the defendants.