Justice Dept.: CEO Sentenced for Transnational "Cherry-Picking" Scheme Involving Foreign Exchange and Cryptocurrency Futures Contracts
January 20, 2024
January 20, 2024
WASHINGTON, Jan. 20 -- The U.S. Department of Justice issued the following news release on Jan. 19, 2024:
A chief executive officer of an investment firm was sentenced today to two years in prison followed by one year and six months of home confinement and ordered to forfeit approximately $1.6 million for a "cherry-picking" scheme, in which he fraudulently misappropriated profitable trades to himself and saddled his investors with losses.
According to court d . . .
A chief executive officer of an investment firm was sentenced today to two years in prison followed by one year and six months of home confinement and ordered to forfeit approximately $1.6 million for a "cherry-picking" scheme, in which he fraudulently misappropriated profitable trades to himself and saddled his investors with losses.
According to court d . . .