Former Digitex Futures CEO Adam Todd Pleads Guilty To Violating Bank Secrecy Act

According to Foresight News, Adam Todd, the founder and former CEO of Digitex Futures, has pleaded guilty in a US federal court. The charges against him are intentionally causing Digitex Futures to fail in establishing and implementing an anti-money laundering plan, thereby violating the Bank Secrecy Act. From 2018 to April 2022, Adam Colin Todd operated Digitex Futures, an online futures exchange, illegally in the US as an unregistered futures commission merchant. As the CEO of Digitex Futures, he illegally sold and provided futures contracts to Digitex Futures' customers in the US. The related sentencing hearing has not yet been scheduled. Adam Colin Todd could face a maximum of five years in prison and a fine of $250,000.