CFTC charges 13 with defrauding $6m

The CFTC has charged a number of companies, including International Berkshire Group Holdings, and individuals, including Jeffrey Jedlicki, with misappropriating funds customers had expected would be used to transact FX options. Of the more than $6 million deposited, only $950,000 was ever returned.

The initial complaint was filed on September 29, and the CFTC then froze the assets of the defendants. The complaint charges that the defendants illegally offered to customers foreign currency options

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