About a month after the Commodity Futures Trading Commission (CFTC) managed to secure an entry of default against Mark A. Ramkishun, operator of a purported commodity pool called Leo Growl LLC, the regulator has filed a motion for default judgment against the defendant.
The document, submitted on March 22, 2023 in the New York Eastern District Court and seen by FX News Group, includes the CFTC proposals for penalties to be imposed on Ramkishun.
According to the CFTC, the defendant should be ordered to pay $1,076,758 in restitution, plus prejudgment interest, which reflects the total losses incurred by Defendant’s defrauded Pool Participants.
The Commission also requests the Court…
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