Alejandro Santiestaban, also known as Alex Santi, has been compelled to comply with the Traders Domain Receiver after contempt proceedings were brought against him.
Additionally, Santi will pay half of the Receiver’s legal fees to ensure that he complies with the court’s directives.
according to a document the Receiver filed prior to the order;
The Defendants claim that since they have tried in good faith to abide by the Orders, they shouldn’t be held in contempt.
However, the defendants’ actions show a lack of respect for the Court’s authority and a failure to make a serious effort to abide by the Receiver’s demands until they were confronted with the Receiver’s Motion. Furthermore, they have yet to comply completely.
Santi and Archie Rice are referred to as “defendants”; the Receiver also claimed that they were in contempt.
But because the court doesn’t seem to have found Rice in contempt, we’ll assume that any references to “defendants” in this story just mean Santi.
In contrast to what Mr. Santi claims, he has violated the Orders by, among other things, not giving the Receiver a luxury watch, the information that was requested about his four cars, his assets, the different business entities that he controls and/or owns, and the expenses that he claimed in his proposed monthly budget.
For instance, Mr. Santi did not comply with the Receiver’s request to surrender his Rolex Daytona, and he has not made an effort to provide an explanation.
Additionally, the Receiver asked for any records pertaining to Mr. Santi’s ownership and activity in Alpha Trader, LLC, including operating agreements, organisational papers, and other records. However, Mr. Santi hasn’t provided any of this paperwork.
A completed financial disclosure, the turnover of the Rolex Daytona, lease agreements and statements pertaining to his vehicles, a firearm inventory, account statements for his banking accounts and any other businesses under his control, documents pertaining to Alpha Trader, LLC, and documents pertaining to Centurion Capital were among the many attempts the Receiver made to obtain the information he needed from Mr. Santi.
All things considered, Mr. Santi has a history of not making sincere attempts to abide by the Orders, including not giving the Receiver the complete and required evidence.On February 26th, the court heard the Receiver’s request. Following the hearing, the following directive was made:
Alejandro Santiestaban, the defendant, is scheduled to attend for his deposition tomorrow, February 27, 2025.
All remaining papers and objects sought by the court-appointed Receiver in his November 7, 2024 communication must be produced by Mr. Santiestaban at his deposition.
Upon thorough examination of the materials to be presented at his deposition, Mr. Santiestaban’s deposition will remain open, enabling the Receiver to re-depose him if necessary.
By March 7, 2025, Mr. Santiestaban must completely abide by the Statutory Restraining Order and the ensuing Consent Order of Preliminary Injunction.
Given the costs paid in an attempt to secure the Defendants’ compliance, the Receiver’s request for $2,890.00 in attorney’s fees is approved. Mr. Rice and Mr. Santiestaban will share the sum equally.
In October 2024, the CFTC sued Traders Domain and related fraudsters.
The Traders Domain investor monies are thought to have been laundered through Centurion Capital Group INC, a Florida shell corporation that Santi and Rice co-owned.
