The International Commerce Membership defendants are heading in direction of settlement agreements with the CFTC.
On Could 14th the courtroom ordered the CFTC and International Buying and selling Membership defendants to
confer “in particular person or by video convention relating to an agreed process for acquiring testimony or declarations from the alleged monetary victims and individuals within the alleged multi-level advertising and marketing scheme.”
A subsequent standing listening to was scheduled for Could twenty sixth.
On Could nineteenth a joint movement was filed, requesting a keep on the Could 14th order.
As per the joint movement, the CFTC has reached settlement agreements with defendants Mayco Maldonado, Cesar Castaneda and Joel Castaneda Garcia.
If permitted by the Court docket, the proposed consent orders would finish the litigation with respect to Defendants Maldonado, Cesar Castaneda, and Joel Castaneda Garcia.
In anticipation of submitting of the proposed consent orders for approval, the events moved to remain the Could 14th order.
On Could twentieth the courtroom granted the request. The proposed consent orders are actually anticipated to be filed, failing which a Joint Standing Report is to be filed by June thirtieth.
Whether or not Rodrigo Jose Castro Molina, the fourth International Buying and selling Membership defendant, intends to settle is unclear.
I’ll proceed to watch the case docket for updates.