The CFTC has initiated Hague Conference service on EmpiresX scammers Emerson Pires and Flavio Goncalves.
Pires and Goncalves co-founded the EmpiresX Ponzi scheme.
Upon studying they have been being investigated by US authorities, Pires and Goncalves fled to Brazil.
On August ninth, the CFTC supplied the court docket with a Standing Report on service of Pires and Goncalves.
To the perfect of the CFTC’s information, two of the Defendants—Pires and Goncalves—are presently situated outdoors the US, in Brazil.
The CFTC has begun service of course of below the Hague Conference on the Service Overseas of Judicial and Extrajudicial Paperwork in Civil or Business Issues (“Hague Conference”) for Defendants Emerson Pires and Flavio Goncalves.
As required by the Hague Conference, the CFTC obtained licensed translations (into Portuguese) of the Criticism, Civil Cowl Sheet, and Summons on August 5, 2022.
On August 9, 2022, the CFTC triggered all paperwork vital for service below the Hague Conference to be despatched to the Brazilian Central Authority, the Division of Belongings Restoration and Worldwide Authorized Cooperation.
In accordance with the Central Authority, service of paperwork below the Hague Conference could take between 9 and 18 months.
The 2 different defendants within the CFTC’s case, Joshua Nicholas and Empires Consulting Corp, have already been served.
Service on scammers who flee to Brazil has confirmed troublesome for US authorities. Earlier this month the CFTC revealed it had additionally initiated Hague Conference service in opposition to Johannes Steynberg.
Steynberg was CEO of Mirror Buying and selling Worldwide, a $1.7 billion greenback Ponzi scheme. Not like Pires and Goncalves, Steynberg is just not a Brazilian citizen.
The SEC has initiated parallel civil fraud proceedings in opposition to Pires and Goncalves. They’ve additionally been indicted on associated legal fraud prices.
