The Traders Domain Receiver Launches First Wave of Clawback Lawsuits

The clean-up crew has officially clocked in. After months of tracing stolen money across shell companies and shady associates, The Traders Domain Receiver has filed the first round of clawback lawsuits — aiming to recover funds siphoned off by promoters, lawyers, and assorted middlemen tied to one of the biggest Ponzi schemes in recent memory.

In total, five lawsuits were filed on October 3rd, targeting suspects in the UK, Florida, and beyond. And if the allegations are true, this tangled web of lawyers, luxury watches, and fake trading bots makes Netflix crime docs look tame.

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Now back to the Traders Domain breaking news!

The Traders Domain: A $283 Million Mirage

For the uninitiated, The Traders Domain was marketed as a high-yield forex trading platform, run by Canadian national Ted Safranko. It promised steady profits from algorithmic trading but in reality operated as a Ponzi scheme, recycling investor funds while pretending to trade.

By late 2022, it had collapsed — leaving investors short by as much as $3.3 billion, according to leaked data. Safranko has since gone missing, presumably perfecting his disappearing act somewhere warm.

Now, the Receiver is clawing back the stolen millions, starting with some familiar names in the MLM-crypto crime universe — including associates from OmegaPro, Algo Capital, and other interlinked scams.

UK Clawbacks: Four Companies, One Resident, and $1 Million Gone

First up: the UK connections. The Receiver has filed suits against one individual and several shell companies accused of looting investor funds:

• James Lees (Charfield, England): Accused of stealing $184,347.

• On Off Technologies LTD, controlled by Jevgenija Sulga: $86,000.

• Discover Tour Plus LTD, controlled by Arturs Eglitis: $187,500.

• Rymax Financial Management LTD, controlled by Andrew Goldsworthy: $535,000.

In total, over $1 million allegedly disappeared into these UK entities — and that’s just the warm-up act.

Miami Attorney in the Hot Seat

Next target: Nicolas Castillo, a Miami-based lawyer and owner of NEC Business Consulting LLC, operating as SFL Business Counsel.

Castillo is accused of providing legal cover for Centurion Capital Group, run by Alejandro “Alex” Santi and Gabriel Beltran — the same duo accused of stealing $8.4 million through The Traders Domain.

According to the Receiver, Castillo drafted Centurion’s investor agreements, which claimed client funds would be used for forex trading and that an “Expert Advisor Trading Bot” would handle trades.

In reality, it was all smoke and mirrors. Investors wired money straight into Centurion-controlled bank accounts, which were promptly commingled, misappropriated, and used for Ponzi payouts.

The Legal Malpractice Angle

The lawsuit doesn’t just call Castillo a bad lawyer — it accuses him of legal malpractice and facilitating fraud.

The Receiver alleges Castillo and his firm had a fiduciary duty to ensure Centurion operated lawfully. Instead, they allegedly turned a blind eye while:

• Centurion diverted investor funds.

• Traders Domain faked trading activity.

• Customers were misled about where their money was going.

The complaint claims Castillo’s negligence allowed the fraud to continue and contributed to millions in investor losses. The Receiver is seeking damages, including repayment of at least $194,000 in legal fees Castillo received.

If proven true, it’s the kind of “client service” no law school case study ever brags about.

The Santi Connection: Luxury Watches and Fraudulent Commissions

Alex Santi, one of the key Traders Domain promoters, allegedly misappropriated millions through Centurion Capital. But the Receiver isn’t stopping at him — it’s also going after his friends and associates.

Ernesto Ramos, a Miami resident described as a “long-time friend” of Santi, is accused of receiving over $365,000 worth of luxury watches purchased with stolen investor funds.

In other words, while investors were locked out of withdrawals, Ramos was timing his life with other people’s money.

The Likos Network: Diamonds, Influencers, and Exotics

The Receiver also filed lawsuits against associates of Steven Likos, a former Algo FX Capital Advisor LLC representative. Algo FX was part of Algo Capital (now Quant5 Advisor LLC) — another conduit through which millions were laundered.

Here’s who’s named in this latest round:

• Benjamin Joel Glaser (Miami, FL): $109,950.

• Capote Diamonds LLC (Naples, FL): $75,000.

• Influencer Media Group LLC (Miami, FL): $175,000.

• Wolf Exotics LLC (Hialeah, FL / Montana registration): $200,000.

Because when you’re running a Ponzi scheme, nothing says “legit business” like an influencer company, a diamond dealer, and an “exotics” brand all cashing checks from the same fraud.

Mike Sims’ Inner Circle: $4.6 Million More Gone

If there’s one name that keeps popping up in MLM and forex fraud, it’s Mike Sims. Allegedly part of the money laundering wing of The Traders Domain, Sims is now linked to more clawbacks.

The Receiver filed a lawsuit against Alexis Romano, identified as a close associate of Sims. Romano, acting as trustee and beneficiary for the AR Family SpendThrift Trust and Romano Family Spendthrift Trust, is accused of stealing $4.59 million.

Additional defendants include:

• Alixstair Burton (Atlanta, GA): $59,840.

• Alejandro Imar Calderin (Miami, FL): $79,056.

• Tiffany Jones-Evans (Chicago, IL): $77,361.

Altogether, that’s nearly $4.8 million allegedly siphoned out of the scheme — and those are just the ones who’ve been caught so far.

The Bigger Picture: Traders Domain, OmegaPro, and Beyond

According to the CFTC, The Traders Domain was a $283 million Ponzi at minimum, though real losses may exceed $3 billion.

Its tentacles reached deep into other fraudulent ecosystems, including the now-collapsed OmegaPro MLM Ponzi. Investigators believe Mike Sims funneled OmegaPro funds directly into The Traders Domain, blurring the lines between the two scams.

Add in Safranko’s involvement with the SAEG Ponzi, which stole another $144 million, and you start to see why clawbacks might take years.

What’s Next

The Receiver’s first five lawsuits mark the beginning of what could become a global recovery effort. Given the international scope — spanning the UK, Panama, Florida, and Dubai — more filings are expected.

But “expected” doesn’t mean “guaranteed.” Legal recoveries in Ponzi cases can stretch for years, with mixed results depending on jurisdiction and cooperation.

Still, the Receiver’s message is clear: If you took money from The Traders Domain — even indirectly — they’re coming for it.

Final Verdict

The Traders Domain clawbacks read like a financial soap opera: lawyers accused of enabling fraud, friends buying luxury watches with stolen funds, and shady shell companies laundering millions.

It’s justice in slow motion — but at least it’s motion.

The question now isn’t if more people will be sued. It’s how many.

Stay tuned — this is only round one.

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