Adam Colin Todd led the online futures trading platform Digitex Futures from early January 2018 to April 2022. The company was not registered as a licensed broker.
The prosecutor's office insists: Adam Colin Todd deliberately refused to implement a system to prevent the laundering of client funds. Last summer, by a US federal court ruling, the exchange was ordered to pay a fine of $15 million in a lawsuit for operating without a license from the Commodity Futures Trading Commission (CFTC).
If found guilty at trial, Alan Colin Todd faces up to five years in prison.
Earlier, the New York Attorney General's Office said that the volume of fraud committed by Digital Currency Group turned out to be significantly larger than initially expected and exceeded $3 billion.
Source: Bits
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