Operator Other Commodity Futures Trading Commission (CFTC)· United States · 2025-12-09

CFTC Obtains Over $2M Restitution for Victims of Precious Metals, Foreign Currency Pool Fraud

→ Robert L. Adams

The U.S. District Court for the District of Oregon entered a consent order against Robert L. Adams and SimTradePro Incorporated for fraud involving multiple commodity pools, requiring them to pay $2,072,986 in restitution to defrauded victims. The order also permanently bans them from trading and registering with the CFTC.

Amount (EUR)

€1,906,466

Original currency

$2,072,986

Action date

2025-12-09

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9148-25 ↗

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