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Re: None

Thursday, 01/18/2024 11:25:15 PM

Thursday, January 18, 2024 11:25:15 PM

Post# of 42940
Does this mean the people that was done wrong will get some of their money back.

With respect to financial remedies, Moynes was ordered to pay disgorgement of $1,042,407, prejudgment interest of $253,868, and a civil penalty of $207,183. Digatrade was ordered to pay disgorgement of $510,000 and prejudgment interest of $133,309 and a civil penalty of $100,000. $62,007 of Digatrade's disgorgement is joint and several with Moynes. The SEC's complaint also named Vancap Ventures, Inc., a company owned by Moynes and that received trading proceeds from Moynes' fraudulent schemes, as a relief defendant. Vancap was ordered to pay disgorgement of $980,400 and prejudgment interest of $235,577 on a joint and several basis with Moynes.