WASHINGTON, Aug. 8 -- The Commodity Futures Trading Commission issued the following enforcement news release: The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against and (together, FTX) and ordered FTX to pay $12.7 billion in monetary relief to FTX customers and victims of FTX's fraud. The order requires FTX to pay $8.7 billion in restitution and $  more

NEWARK, New Jersey, Aug. 9 -- The office of the U.S. Attorney for the District of New Jersey issued the following news release on Aug. 8, 2024: A Queens, New York, man today admitted that he illegally laundered the proceeds of elder fraud and computer fraud schemes, U.S. Attorney Philip R. Sellinger announced. Hector Claveria, 51, of Elmhurst, New York pleaded guilty before U.S. District Judge Esther Salas in Newark federal court to Count Two of the indictment charging him with international m  more

BROOKLYN, New York, Aug. 9 -- The office of the U.S. Attorney for the Eastern District of New York issued the following news release on Aug. 8, 2024: Manuel Chang, the former Finance Minister of Mozambique, was convicted earlier today by a federal jury of conspiracy to commit wire fraud and conspiracy to commit money laundering in connection with his role in a $2 billion fraud, bribery, and money laundering scheme that victimized investors in the United States and elsewhere. The verdict followe  more