CFTC Charges Cash FX Group and CEO in $950 Million Fraud Scheme

The Commodity Futures Trading Commission said it filed a complaint in the U.S. District Court for the Middle District of Florida against Cash FX Group S.A. and its CEO, Huascar Jose Lopez Castillo, of Brazil, over a $950 million fraud scheme.

Also named in the complaint are The Conversion Pros, Inc. and its CEO, Ronald Pope, of Oregon, and Justin Halladay, of Florida.

The CFTC announced the filing on September 25, 2026. The agency did not disclose further details of the alleged scheme in its announcement.