Breaking: US Court Orders Release of Majority of My Forex Funds Founder's Assets

Discussion in 'Prop Firms' started by TrAndy2022, Nov 14, 2023.

  1. TrAndy2022

    TrAndy2022

    https://www.financemagnates.com/for...f-majority-of-my-forex-funds-founders-assets/

    Murtuza Kazmi will receive approximately $100 million, but $12 million remains frozen.

    The New Jersey court, tonight (Tuesday), partially granted My Forex Fund's request in the lawsuit filed by the CFTC against the company. The court ordered the release and return of most of the assets belonging to founder and CEO Murtuza Kazmi, valued at approximately $100 million. However, $12.08 million of these assets will remain frozen.

    Additionally, the court decided to discharge the current temporary receiver and ruled against appointing a new one.
     
    theanalyst likes this.
  2. TrAndy2022

    TrAndy2022