CFTC Orders Man and Company to Pay Over $31 million in Compensation for FX and Cryptocurrency Fraud

The Commodity Futures Trading Commission (CFTC) today announced that Senior Judge David C. Guaderrama of the U.S. District Court for the Western District of Texas issued a ruling on July 9 against Abner Alejandro Tinoco and his company, Kikit & Mess Investments, LLC, requiring them to pay financial compensation totaling more than $31 million.
The ruling requires Tinoco and Kikit & Mess (formerly based in El Paso, Texas) to jointly and severally pay $6,203,792.18 in restitution to 199 victims; pay $6,257,904.89 in restitution of stolen money and an equivalent deduction for any restitution paid to the victims; and a civil monetary penalty of $18,773,714, which is three times the amount illegally obtained by their forex fraud and cryptocurrency scheme.