According to official news, the U.S. Commodity Futures Trading Commission (CFTC) announced that Mary Rowland, a judge in the U.S. District Court for the Northern District of Illinois, has entered a final judgment against Sam Ikkurty of Oregon and Jafia, LLC, Ikkurty Capital, LLC (operating as Rose City Income Fund I LP, Rose City Income Fund II, and Seneca Ventures, LLC). The U.S. federal court ordered Ikkurty and several other entities to pay a total of $209 million in damages.
This judgment is based on Judge Rowland's previous favorable ruling on all CFTC charges. The CFTC's lawsuit involves allegations of fraud and misappropriation of funds. The CFTC also recovered more than $18 million in digital assets that were stolen from the court-appointed receiver.