William Koo Ichioka has been ordered to pay over $36 million in restitution and fines for his involvement in a fraudulent forex and digital asset scheme. He defrauded over 100 investors by promising a 10% return every 30 business days. Some of the funds were invested but were commingled with his own finances and used for personal expenses. Ichioka provided falsified financial documents and account statements to conceal his activities. He has been banned from trading in CFTC-regulated markets and sentenced to 48 months in prison. The CFTC warns the public of common fraud signs and encourages individuals to verify the registration of financial service providers. Whistleblowers who report violations may receive a percentage of monetary sanctions collected.



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