Weekly Roundup: Darren Robinson fined $11M, Binance’s CZ walks free in August

May 4, 2024 3:16 pm UTC, abdelaziz Fathi

Welcome to our weekly roundup, where we dive into all the latest buzz in the Forex, Fintech, and cryptocurrency scenes. We’ve got you covered with a rundown of the week’s top events and trends in these dynamic sectors, so you can stay in the know and ahead of the game.

FX Markets: Regulatory Crackdown on One End

Darren Robinson, who scammed 38 people out of $7,196,365.37 through a Forex Ponzi scam, has been ordered to pay $11 million. He is currently a fugitive from U.S. law enforcement. In another case, Idin Dalpour has been charged with wire fraud related to an alleged Ponzi scheme that defrauded investors of over $43 million.

On a positive note, foreign exchange service provider Alpha Group International plc has confirmed its upgrade to the premium list of the London Stock Exchange’s main market. Additionally, B2Prime has obtained a security dealer license in Seychelles as part of its efforts to expand global operations.