The Commodity Futures and Trading Commission (CFTC) has filed a complaint against the four individuals of the Global Trading Club (GTC), involved in the fraud bitcoin investment scheme, according to the announcement.
GTC Operators Are From Texas And Florida
On September 14, the US regulator released a statement notifying that the four individuals against whom the complaint has been registered in the United States Court for the Southern District of Texas are Mayco Alexis Maldonado Garcia, Cesar Castned, Rodrigo Jose Castro Molina and Joel Castaneda Gracia, in the United States Court for the Southern District of Texas.
The regulator has further mentioned that the three of the defendants are from Texas while the last one is from Florida.
As per the complaint filed in the court, “The defendants and others falsely represented to actual and potential customers that their business, named Global Trading Club (GTC), employed ‘master traders’ who had years of experience trading ‘cryptocurrency,’ and used ‘cutting edge trading robots’ to trade Bitcoin for customers ‘24 hours a day, 7 days a week’.”
GTC Defrauded 27 Individuals
The defendants also stated that if the customers wanted to increase their earnings, then they would have to deposit more amount of funds into the platform.
The complaint by CFTC also mentioned that GTC promised its clients that they will be offered a bonus for referring to the company’s schemes to others.
CFTC stated that the defendants even had posted some deceptive trading statements online, which helped it to hide the fraud.
The US regulatory agency alleged that at least 27 individuals became the victim of the fraud scheme that was being operated by the GTC.
The report further stated that altogether GTC has stolen around $989,000 from its customers.
A month ago, several fraudulent forex scheme operators were charged by the CFTC because they misled around 150 individuals and accepted around $4.75 million from them.