According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois has issued a final judgment against Sam Ikkurty of Oregon and entities Jafia, LLC, and Ikkurty Capital, LLC, operating under the names Rose City Income Fund I LP, Rose City Income Fund II, and Seneca Ventures, LLC. The federal court has ordered Ikkurty and several associated entities to pay $209 million in compensation.This judgment follows a previous ruling by Judge Rowland in favour of all CFTC charges, which included allegations of fraud and misappropriation of funds. The CFTC's lawsuit highlighted significant fraudulent activities and the misuse of investor funds. Additionally, the CFTC has successfully recovered over $18 million in digital assets stolen from a court-appointed receiver.The case underscores the CFTC's commitment to enforcing regulations and protecting investors from fraudulent schemes. The recovery of digital assets further demonstrates the agency's efforts to reclaim misappropriated funds and ensure justice for affected parties.
