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CFTC Pushes For Entry Of Default Against Virtual Currency Scheme Q3 And Its Founder

Tracy CHEN

Summary: The United States Commodity Futures Trading Commission (CFTC) is pressing ahead with its action against Michael Ackerman and the entities he founded, Q3 Holdings, LLC and Q3 I, LP, accused of fraud.On June 9, 2020, the regulator filed a set of motions with the New York Southern District Court requesting for a Clerk's Certificate of ...

The United States Commodity Futures Trading Commission (CFTC) is pressing ahead with its action against Michael Ackerman and the entities he founded, Q3 Holdings, LLC and Q3 I, LP, accused of fraud.
On June 9, 2020, the regulator filed a set of motions with the New York Southern District Court requesting for a Clerk's Certificate of Default against the defendants. The CFTC explains that the defendants have been properly served and that the time for the defendants to answer or otherwise move with respect to the Complaint has expired.

Tracy Chen

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