On 3 June 2025, the United States Commodity Futures Trading Commission (US CFTC), through its Division of Enforcement, issued a formal public alert urging victims of the alleged Traders Domain fraud scheme to file official claims by 28 July 2025. The alert makes clear that only those who submit valid claims before the deadline will be considered for restitution in any future court-ordered judgment. Prior participation in CFTC customer surveys, correspondence, or informal submissions does not qualify as a valid claim.
US CFTC filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against a network of companies and individuals alleged to have orchestrated a $280 million Ponzi scheme. According to the complaint, the scheme spanned from November 2019 to at least late 2023. Traders Domain FX Ltd. (TD), alongside its principals Safranko and Negus-Romvari, allegedly solicited funds for trading margined retail commodities via pooled and individual accounts, while issuing materially false statements regarding trading performance and account management.
Judge Roy K. Altman of U.S. District Court for the Southern District of Florida issued a statutory restraining order on 3 October 2024, against the defendants, freezing all known assets, granting the US CFTC access to books and records, and scheduling a preliminary injunction hearing for 29 October 2024. The US CFTC seeks full restitution for defrauded customers, disgorgement of unlawful profits, civil monetary penalties, permanent trading and registration bans, and a permanent injunction under the Commodity Exchange Act and US CFTC regulations.
In its ongoing litigation, the US CFTC seeks full restitution for defrauded customers, disgorgement of all unlawfully obtained proceeds, and the imposition of civil monetary penalties, permanent trading bans, and lifetime registration prohibitions on the defendants. The scheme, valued at over $283 million, allegedly targeted more than 2,000 retail customers, promising access to sophisticated algorithmic forex and commodity trading platforms.
(Source: https://www.cftc.gov/PressRoom/PressReleases/9083-25)
