CFTC Orders Westward and Coucarin To Pay $1.8m for Binary Options Fraud

[kreslik.news]

Although not direct part of the $3 million binary options fraud, Westward International Ltd. (Westward) and Coucarin Holdings Ltd. (Coucarin), have come under the US regulator’s hammer and are now required to pay nearly $2 million.

Today, the CFTC has announced that it obtained a federal court order requiring Westward and Coucarin to disgorge ill-gotten client funds since they did not provide any legitimate services nor had any legitimate entitlement or interest to the client funds, the agency said.

The London Summit 2017 is coming, get involved!



The order stemmed from a CFTC enforcement anti-fraud action ... (read more)