The Commodity Futures Trading Commission today announced Judge Carlos E. Mendoza of the U.S. District Court for the Middle District of Florida issued a default judgment granting a permanent injunction and imposing monetary sanctions against Florida resident Avinash Singh and his company, Highrise Advantage, LLC. The order resolves a civil enforcement action the CFTC brought on September 9, 2020, against Singh, Highrise, and eight other defendants in a multi-level, multi-million dollar off-exchange foreign currency (forex) scheme. (The case was amended on February 4, 2021 to add new facts learned about the extent of ... (full story)