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Statement Of CFTC Commissioner Kristin N Johnson Regarding CFTC Action Against Retail Forex Ponzi Scheme Targeting Spanish Speakers In Puerto Rico And The Continental United States

<p><span>The Commodity Futures Trading Commission (CFTC) last Friday filed a complaint against FX Latino Inc. (FXL), Ramon Salvador Delgado-Gomez (Gomez), FXL Investment PR LLC, JRH Services Inc., Walmy Rivera-Santiago, Infinity Investment and Construction Management Corp., and Hector Javier Santos-Pagan (collectively, Defendants), in the U.S. District Court for the District of Puerto Rico.&nbsp; The Defendants allegedly launched advertisements on social media platforms such as Instagram and promoted public seminar and investor coaching campaigns to entice more than two thousand investors to invest at least $27 million.&nbsp; To attract investors, Defendants promised to generate profits through their successful foreign currency (&ldquo;forex&rdquo;) trading platform. &nbsp;Similar to any number of &ldquo;get-rich-quick&rdquo; schemes promising exceptional returns while, in fact, perpetuating financial fraud, Defendants never actually engaged in t

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