Following on from news
Alan Friedland had opted to settle CompCoin fraud charges with the CFTC
, mid-trial no less, details of Friedland’s settlement are now public.

As per a court order approving the settlement on March 24th, Friedland will pay $1.2 million in restitution to CompCoin victims.

Friedland’s restitution falls approximately $400,000 short of the $1.6 million CompCoin took in. Going somewhat to make up that shortfall is a $600,000 civil penalty.

In addition to restitution and a civil penalty, Friedland is also permanently banned from

trading;

entering into any transactions involving “commodity interests”;

having any commodity interests traded on his behalf;

registering with the CFTC or applying for an exemption; and

having anything to do with someone who is registered with the CFTC.

The NFA has been appointed to Monitor Friedland’s restitution compliance, with the aim of distributing funds to CompCoin victims.

Friedland’s CompCoin fraud settlement was approved by the court on March 24th. The settlement brings Daily Exposed’s CompCoin fraud coverage to a close.

We began reporting on it as part of our due-diligence into
Friedland’s NRGY Ponzi scheme
. That has since evolved to
BuilderDefi
, which began soliciting investment on February 10th.

Website traffic analysis suggests, like NRGY, BuilderDefi hasn’t taken off.

In the wake of settling CompCoin fraud charges, whether US authorities go after Friedland for NRGY and BuilderDefi remains to be seen.

🤖 Quick Answer

What was the settlement amount in the Alan Friedland CompCoin fraud case?
Alan Friedland settled CompCoin fraud charges with the CFTC for a total of $1.8 million, comprising $1.2 million in restitution to victims and a $600,000 civil penalty. The settlement was approved by court order on March 24th, following Friedland's mid-trial decision to settle rather than proceed with litigation.

What trading restrictions did Alan Friedland face following the CompCoin settlement?
Friedland received a permanent ban from commodity trading and related activities, including prohibitions on entering transactions involving commodity interests, having commodity interests traded on his behalf, registering with the CFTC, applying for exemptions, and any association with registered CFTC entities.

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