The U.S. Commodity Futures Trading Commission (CFTC) is pushing for a default judgment in its lawsuit against Lions of Forex LLC (LOF).。

In a motion filed on December 19, 2023, the regulator explained that the court should have ruled on LOF's breach of contract because it did not respond to the prosecution.。

The CFTC filed suit in the Southern District Court of Florida on September 28, 2023, alleging that between at least January 2019 and at least March 2021, Roberto Pulido a / k / a Berto Delvanicci, with the assistance and abetment of LOF, fraudulently solicited clients, claiming that the purpose was to trade leveraged or margin retail foreign exchange over-the-counter accounts managed on behalf of clients.。

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, Pulido lied to the client that by letting Pulido use its discretion to conduct so-called retail foreign exchange transactions in the client's name, the client could make a guaranteed profit every month, and the client could withdraw the funds and return them at any time.。

Based on these fraudulent statements and omissions, 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 or recklessly falsely guaranteed trading profits and falsely stated that customers could withdraw funds and return them at any time.。LOF knows that these statements made by Pulido are false。

After a default ruling is made, a default judgment is usually made, which will outline the penalties in the case (fines, injunctions, etc.)。