Debiex Found Guilty of Romance Scam by U.S. Federal Judge
A recent legal decision by a U.S. federal judge revealed that Debiex, which claimed to be a legitimate crypto trading platform, was actually conducting a romance scam. In these scams, individuals pretend to form romantic connections online with the intent of defrauding the victims financially.
The U.S. Commodity Futures Trading Commission (CFTC), a key regulator in the financial sector, had initiated legal proceedings against Debiex, accusing it of siphoning off around $2.3 million from its victims.
Court Ruling
A U.S. federal judge concluded that Debiex, a supposed cryptocurrency platform, was involved in a romance scam, illegally acquiring roughly $2.3 million from unsuspecting victims.
Financial Penalties
Debiex has been mandated to repay the stolen amount and an additional civil penalty, totaling close to $2.5 million, following a lawsuit by the U.S. Commodity Futures Trading Commission (CFTC).
Failure to Respond
The judge granted a summary judgment, determining that Debiex’s lack of response did not arise from “excusable neglect,” thereby upholding the CFTC’s claims.
Following a careful examination of the case, Judge Douglas Rayes concluded there was enough evidence to identify.
