The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of Texas imposed permanent injunctions, currency sanctions on Troy Mason and his company Ztegrity, Inc. (formerly located in Houston, Texas) on October 7 , equitable relief.
The order requires Troy Mason and Ztegrity to pay victims $643,570 in damages and a $300,000 civil penalty. The order also permanently prohibits the defendants from violating CEA and CFTC regulations and imposes a permanent registration and trading ban on them.
The order finds that, from approximately October 2019 to June 2021, the defendants used various websites and social media platforms to fraudulently market their currency trading schemes, their website claiming to have obtained more than 46 out of 411 participants. Ten thousand U.S. dollars.
The order further finds that the defendants induced participants to participate in the transaction by falsely guaranteeing repayment of the funds they invested and the payment of substantial profits. Finally, the order finds that the defendants failed to register as commodity pool operators and illegally operated their commodity pools in violation of CEA and CFTC regulations.