The Commodity Futures Trading Commission (CFTC) has been engaged in negotiations for partial resolution of its action against Timothy Stubbs, involved in fraudulent FX scheme ROFX.net. This becomes clear from documents filed by the CFTC with the Florida Southern District Court on November 30, 2023.
Let’s recall that Stubbs is the sole remaining defendant in this case, as on October 3, 2022, the Clerk entered defaults against nine of the ten defendants pursuant to Fed. R. Civ. P. 55(a)— Notus, Easy Com, GEA, Grovee, Shopostar, Davis, Konovalenko, Shymko, and Skala—for failure to appear, answer, or otherwise plead to the Complaint.
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