Alejandro Santiestaban, aka Alex Santi, is facing contempt proceedings for a third time in The Traders Domain proceedings.
The Traders Domain was a Ponzi scheme run by Canadian national Ted Safranko.
The Traders Domain collapsed in late 2022. The CFTC
filed suit
in October 2024, alleging over two thousand investors lost “no less than $283 million”.
As a top promoter of The Traders Domain, the CFTC named Santi and his company Centurion Capital Group INC as defendants.
The court appointed The Traders Domain Receiver’s third contempt motion hones in on $3.4 million derived through Alpha Trader. The Receiver also brings up the contrast between Santi’s financial representations and current lifestyle.
Santi has violated the Court’s orders by concealing assets and income while misrepresenting his activities and financial situation to the Court and the Receiver.
Notwithstanding Santi’s misrepresentations related to his involvement with Alpha Trader, Santi acted on behalf of the company and received at least $3,400,892.01 in payments toward an American Express credit card related to him during the pendency of the case.
Santi used this undisclosed money to fund his lavish lifestyle, including vacations, luxury watches, luxury vehicles, and expensive gifts to his fiancée.
Santi concealed all of this through a series of actions, omissions, and misrepresentations to the Court and the Receiver contrary to the Court’s orders.
This isn’t the first time Santi has failed to fully disclose his finances. The Receiver previously initiated contempt proceedings against Santi in 2024 and early 2025.
Those proceedings resulted in
Santi being ordered to fully cooperate with the Receiver
.
Fast forward to 2026; a year after the second contempt order was made, from the Receiver’s February 11th filing;
Santi’s efforts to conceal his involvement with Alpha Trader started early.
On November 11, 2024, Santi provided a sworn Accounting and Declaration in which he failed to disclose his ownership interest in Alpha Trader.
Santi has purportedly been funding his lifestyle with revenue tied to Alpha Trader. Here’s why that’s a problem.
On January 21, 2025, Santi filed a motion to unfreeze the Alpha Trader bank account and permit Santi to earn new income for monthly living expenses.
In connection with the Unfreeze Motion, Santi asserted to the Court that:
Santi is prohibited from doing any business related to the allegations contained in the Complaint and can no longer take part in Alpha Trader . . . At this time if Alpha Trader continues to do business, it will be operated by third parties unrelated to Santi.
Santi’s income must be derived from sources elsewhere.
And Santi’s sworn Declaration asserted that Alpha Trader only maintained two Morgan Stanley bank accounts.
At no time did Santi disclose that Alpha Trader had a separate, active bank account from which Santi was actively benefiting.
Santi held a 51% controlling share in Alpha Trader. Following “mont
🤖 Quick Answer
What contempt violations is Alex Santi facing in The Traders Domain case?Alejandro Santiestaban, known as Alex Santi, faces a third contempt motion filed by the court-appointed Receiver in The Traders Domain proceedings. The motion centers on approximately $3.4 million derived through Alpha Trader and alleges Santi concealed assets and income while misrepresenting his financial situation, contradicting his observed lifestyle.
What was The Traders Domain and why did it collapse?
The Traders Domain was a Ponzi scheme operated by Canadian national Ted Safranko. It collapsed in late 2022. In October 2024, the Commodity Futures Trading Commission filed suit alleging that over two thousand investors suffered losses of no less than $283 million as a result of the fraudulent scheme.
**What is Alex Santi's role in The Traders Domain fraud
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