The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Roberto Pulido and Lions of Forex LLC。

The CFTC filed suit in the Southern District of Florida Court on September 28, 2023, alleging that from at least January 2019 to at least March 2021 (the "Relevant Period"), Roberto Pulido a / k / a Berto Delvanicci, with the assistance and instigation of Lions of Forex LLC (LOF), fraudulently solicited customers, claiming to conduct leveraged or margin retail foreign exchange transactions in accounts managed on behalf of customers.。

Some of the customers solicited by the defendant ordered the retail foreign exchange signal trading service provided by LOF, LOF provides the service of sending signals to buy and sell retail foreign exchange, customers only need to pay a monthly fee, if they pay a higher monthly fee, LOF also provides one-to-one on-site training with "Berto Delvanicci"。

In fraudulently soliciting these customers, the defendant used mail and other interstate commercial means or tools, i.e., social media platforms, LOF websites, text messages, and / or other forms of electronic and telephone communications.。

With the assistance and instigation of LOF, Plido lied to the customer that by allowing Plido to use its discretion to conduct so-called retail foreign exchange transactions on behalf of the customer, the customer could make a guaranteed profit every month, and the customer could withdraw funds at any time and return them.。

Based on these fraudulent statements and failure to perform statutory contractual obligations, the customer is fraudulently induced to transfer at least 17.$50,000 was transferred to bank accounts in the names of LOF and others, all controlled by Pulido, with the aim of allowing Pulido to use its discretion to conduct retail foreign exchange transactions on their behalf。

Customer funds totalling at least $170,000 have not been returned to the customer despite the customer's request to Pulido and / or LOF to return the funds。

In making these representations, Pulido knowingly falsely guaranteed trading profits and falsely represented that customers could withdraw funds and return them at any time.。At the same time, LOF knows that the statements made by Pulido are false.。

The United States Commodity Futures Trading Commission alleges that Pulido violated Section 4b (a) (2) (A) and (C) of the Act (7 U.S.C. § 6b (a) (2) (A), (C)) and Section 5 of the Commission's Regulations..Section 2 (b) (1) and (3) (17 U.S.C..Section 2 (b) (1), (3) (2022))。

In addition, Pulido acted as a commodity trading adviser ("CTA") as defined in Section 1 (a) (12) of the Act (7 U.S.C. § 1 (a) (12)) under the Retail Foreign Exchange Fraud Program during the Relevant Period in violation of Section 4o (1) (A) and (B) of the Act (7 U.S.C. § 6o (1) (A) and (B)).。

LOF knowingly aided and abetted Pulido's retail foreign exchange fraud scheme under section 13 (a) by knowingly associating with and participating in that retail foreign exchange fraud scheme to enable it to succeed。) The Act, 7 U.S.C. § 13c (a)。

Pulido, as CEO and sole manager of LOF, directly or indirectly controlled the bank accounts of LOF and LOF。As the controller of the LOF, Pulido did not knowingly induce, directly or indirectly, the LOF to commit acts in violation of the Act and regulations.。Accordingly, Defendant Pulido is liable for the violation of LOF pursuant to Section 13 (b) of the Act, 7 USC § 13c (b)。

The U.S. Commodity Futures Trading Commission (CFTC) requested fines, forfeiture and restitution of property against the defendants, and issued an injunction。