Rodrigo Jose Castro Molina has been hit with a $1.7 million greenback International Buying and selling Membership closing judgment.
Molina’s judgment follows the CFTC submitting for default judgment on September seventh.
Default judgment was wanted Castro failed to answer the CFTC’s International Buying and selling Membership fraud lawsuit, filed September 2020.
Castro’s judgment sees the CFTC’s allegations towards him accepted as reality.
Particularly that Castro and his co-defendants bilked shoppers out of $989,000, via their International Buying and selling Membership Ponzi scheme.
As per his judgment, Castro is collectively answerable for $989,550, stolen from International Buying and selling Membership victims.
He may also pay a $749,728 civil financial penalty. This determine represents the 4 International Buying and selling Membership shows Castro “marketed and took part” in.
The CFTC moreover secured an injunction towards Castro, prohibiting him from partaking in buying and selling associated enterprise exercise.
Castro’s judgment resolves the CFTC’s fraud lawsuit towards every of the International Buying and selling Membership defendants.
Castro’s co-conspirators, Mayco Garcia and Cesar and Joel Garcia, every settled with the CFTC in late July.
Consequently, this text additionally brings BehindMLM’s protection of International Buying and selling Membership to a detailed.