According to BlockBeats, on September 4, according to official news, the U.S. Commodity Futures Trading Commission (CFTC) announced that Mary Rowland, a judge of the U.S. District Court for the Northern District of Illinois, made a final judgment against Sam Ikkurty of Oregon and Jafia, LLC, Ikkurty Capital, LLC (operating under the names of Rose City Income Fund I LP, Rose City Income Fund II and Seneca Ventures, LLC).
A U.S. federal court ordered Ikkurty and several other entities to pay a total of $209 million in damages.
This ruling comes on top of Judge Rowland’s previous favorable ruling on all CFTC charges, which involved allegations of fraud and misappropriation of funds. The CFTC also recovered more than $18 million in digital assets that were stolen from a court-appointed receiver.
