On October 3, 2025, the Traders Domain Receiver, appointed in the CFTC‘s October 2024 lawsuit, filed five clawback lawsuits to recover misappropriated funds from the $283M Ponzi scheme, with leaked data suggesting losses up to $3.3B, per. Targeting UK residents, companies, a Miami attorney, and associates of Steven Likos, Alex Santi, and Mike Sims, these suits seek to claw back over $6.5M, per. The CFTC alleges Ted Safranko, who fled in late 2022, orchestrated the fraud, linked to SAEG ($144M losses) and OmegaPro via Sims, per.
The Receiver sued James Lees (Charfield, England) for $184,347, and UK firms: On Off Technologies LTD (controlled by Jevgenija Sulga) for $86,000, Discover Tour Plus LTD (by Arturs Eglitis) for $187,500, and Rymax Financial Management LTD (by Andrew Goldsworthy) for $535,000, per. These entities allegedly received Ponzi proceeds, violating 18 U.S.C. § 981(a)(1)(C) for fraud forfeiture, per. X posts from @CFTC alert on the suits’ international scope, per.
Nicolas Castillo and NEC Business Consulting LLC (dba SFL Business Counsel) face legal malpractice claims for advising Alejandro Santiesteban (Alex Santi), Gabriel Beltran, and Centurion Capital Group, who allegedly stole $8.4M, per. Castillo drafted misleading agreements promising inter-bank forex trading with an “Expert Advisor Trading Bot,” authorizing 60% commissions, but funds were commingled and misappropriated, per. Despite knowing of Traders Domain‘s withdrawal issues since August 2022, they solicited new investors, per. The suit seeks $194,000 in fees plus damages, per.
Ernesto Ramos, a Miami associate of Santi, is sued for receiving $365,000 in luxury watches bought with Ponzi funds, per. The Receiver alleges Ramos, a “long-time friend,” accepted fraudulent commissions, per. This clawback, under Commodity Exchange Act § 6o, aims to recover assets for victims, per. X posts from @SEC_Enforcement note similar luxury clawbacks in Ponzi cases, per.
Associates of Steven Likos (sales rep for Algo FX Capital Advisor LLC, part of Algo Capital/Quant5 Advisor LLC) are sued: Benjamin Joel Glaser ($109,950), Capote Diamonds LLC ($75,000), Influencer Media Group LLC ($175,000), and Wolf Exotics LLC (owned by Tammy Brito, $200,000), per. For Mike Sims, Alexis Romano (trustee of AR Family SpendThrift Trust and Romano Family Spendthrift Trust) is accused of $4.59M, plus Alixstair Burton ($59,840), Alejandro Imar Calderin ($79,056), and Tiffany Jones-Evans ($77,361), per. Sims allegedly laundered funds from OmegaPro, per.
These suits, part of CFTC recovery efforts, follow Safranko‘s flight and links to SAEG and OmegaPro, per. Additional clawbacks are expected, per. Investors should monitor cftc.gov for updates and file claims via the Receiver, per. BTC ($113,234) and ETH ($4,070) remain stable, per CoinMarketCap, but Ponzi fallout erodes trust, per. Diversify into USDC with stop-losses below BTC‘s $112,000, per TradingView. Follow @TheBlock__ on X for developments. Successful clawbacks could return $100M+ to victims by 2026, per.
