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Thread: Tallinex Ltd. forex ordered to pay nearly $10.3 million in restitution to defrauded customers

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    littleroundman is offline Administrator
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    Tallinex Ltd. forex ordered to pay nearly $10.3 million in restitution to defrauded customers

    Tallinex Ltd. Ordered to Pay nearly $10.3 Million in Restitution to Defrauded Customers and Defendants Ordered to Pay Civil Monetary Penalties Totaling More than $760,000




    You can view the CFTC press release here at: CFTC.gov
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #2
    shipdit's Avatar
    shipdit is offline Senior Scambuster
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    Re: Tallinex Ltd. forex ordered to pay nearly $10.3 million in restitution to defrauded customers

    Quote Originally Posted by littleroundman View Post
    Tallinex Ltd. Ordered to Pay nearly $10.3 Million in Restitution to Defrauded Customers and Defendants Ordered to Pay Civil Monetary Penalties Totaling More than $760,000
    It's always satisfying to read these stories of regulators undertaking enforcement actions and following through with successful prosecution, but ...

    ... "Default Order" means no one from Tallinex showed up in court.

    What luck do you suppose anyone will have trying to recover any money (much less $10 million) from some scammer in Estonia? Looks like the only possible avenue for any recovery may be US residents who got promoted to "invest" by General Trader Fulfillment in Utah, assuming GTF can be located, served and haven't already spent whatever they made in commissions on "The Laptop Lifestyle".

    It is so bizarre to see these "investors" flocking to these SCAMS like moths to the flame time after time, decade after decade.

    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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