1

UNITED STATES DISTRICT COURT

FOR THE SOUTHERN DISTRICT OF NEW YORK

RAFAEL ACERO TORRES, FRANCISCO )

JOSÉ AGRAY CORTÉS, MARIA )

FERNANDA AMAYA MARTINEZ, BEATRIZ ) ANGEL DE SALAZAR, RAUL EDUARDO ) ANGULO CARMONA, JULIO ARANGO ) ECHEVERRY, CRISTINA ARANGO ) RESTREPO, SERGIO ARANGO ) SALDARIAGA, HENRY HERNAN BACCA ) 19-CV-

MORENO, BAYTA LTDA., BEL AIR )

TRADING LTD., VICTOR RAFAEL )

BELTRAN MARTINEZ, ELSA BENEDETTI )

GANDA AND EDUARDO ZULUAGA, JOSE )

EDGAR BETANCOURT GOMEZ, HANS )

ROBERT BLUMENTHAL, ARTURO BOADA, )

RICHAR JOSE BOCANEGRA ROSILLO, )

MILAGROS BOO, JOSE CAMILO CABRA )

MONROY, WILLIAM CADENA URREA, )

BEATRIZ CAMACHO DE DURAN, LUIS )

FERNANDO CARDONA MENDEZ, JAIME )

CASTAÑEDA BORRERO, JULIO CESAR )

CEDEÑO, CGC, INC., RAUL MARCIAL )

CHAMORRO CASANOVA AND SARA )

MARIA AGUIRRE DE CHAMORRO, )

COOPER GAY SURAMERICA LTDA, JOSE )

GUSTAVO CORREA, CRANBROOK )

HOLDINGS LTD, RAFAEL MARIA CRUZ )

VILLAMIL, JORGE ALFREDO DELBOUIS )

FUCHS, AFREDO LEON DELBOUIS )

MOLINA, LUIS FERNANDO DELGADO )

CASTANO, JAIRO ALBERTO DIAZ )

PERDOMO, MÓNICA SOFIA DIMATÉ )

CASTELLANOS, LEONOR DURAN, MARIA )

CRISTINA LUISA ELENA DURAN, MARIA )

LUCIA FERNANDEZ, ALEXANDRA )

FERNANDEZ OSPINA AND HERNANDO )

EMILIANI RIVERA, ROSA STELLA FLEING )

DE DIAZ, ANDRES FABIAN GALINDO, )

ENRIQUE ALFONSO GALVIS GAMBOA, )

JUAN GARCIA CHAVARRIA, CARLOS )

GARZA HERNANDEZ, GLORIA GARZA )

HERNANDEZ, LUIS FERNANDO GAVIRIA )

VELASQUEZ, GERMAN DARIO GOMEZ, )

TIRSO JAVIER GOMEZ AND LILIAN )

CARDONA DE GOMEZ, ULLA GOMEZ, )

DARIO GOMEZ JIMENEZ, IDERALDO LUIZ )

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 1 of 88

2

GOULART, ANDRÉS GUERRA MARTINEZ, )

FRANCISCO GUERRERO BERNAL, )

ALBERTO GUTIERREZ BERNAL, HERNAN )

DARIO GUZMAN DUARTE, ANDRES )

ADOLFO HERNANDEZ, CESAR AUGUSTO )

HERNANDEZ, GUSTAVO HERNANDEZ, )

MAURICIO HERRERA FORERO, )

INVERSIONES PAAL & CIA S. EN C., JAIME )

ALBERTO IRAHETA, FRANCISCO )

ANTONIO IRAHETA, SAIRA CAROLINA )

IRAHETA, MIGUEL E. JARAMILLO, )

ADRIANA MARIA JIMENEZ DIAZ, DORA )

ELIZABETH JOSA MONTERO, JAVIER )

OCTAVIO JUNCA PELAEZ, KAPALEJAYO )

INC., EMILIO LATORRE ESTRADA, )

ALFONSO LINARES PORTO, FRANCISCO )

LEON LONDONO HERNANDO MACIAS, )

LEONARDO MANTILLA JACOME, LUIS )

ORLANDO MELO CASTAÑEDA, CATALINA )

MARIA MENDOZA PEREYRA, MARGARITA )

LUZ MYRIAM MOLANO, MARIA MOLANO )

NAFFAH, JAVIER MONTES AND ISABEL )

MONTES, JEANNETH ALCIRA MORA )

CASTRO, MIGUEL ANTONIO MORENO )

JIMENEZ, JEMAY ALCIONE MOYANO )

PARRA, HERNAN MUNOZ OROZCO, HANI )

IBRAHIM MUSTAFA HASSAN, MARGARITA )

NAFFAH DE MOLANO AND JOSE JOAQUIN )

MOLANO ROBERTO NAFFAH, QUENIA )

NUNEZ TOVAR, MARTHA CECILIA ORTIZ )

TORRES, CARLOS ALBERTO OSPINA )

OTALORA, CARLOS EDUARDO OSPINA )

REYES, JORGE NELSON OSTOS LOPEZ, )

JUAN CARLOS PARRA AND ALEXANDRA )

TORRES, ADRIANA PAEZ MARTINEZ, )

BERNARDO PARRA VASQUEZ, LUCY )

AMPARO PATIÑO FRANCO, GLORIA INES )

PELÁEZ DE JUNCA AND AUGUSTO )

OCTAVIO JUNCA LAVERDE, AUGUSTO )

PENARANDA SANJUAN, CLARA STELLA )

CARMEN GUILLERMINA PINZON DE )

NARANJO, CLEMENCIA PINZON DE )

RUBIO, MARIA CRISTINA PULIDO DE )

LHUILLIER, ESTRELLA QUINTERO )

RODRIGUEZ, JOSE IGNACIO QUINTERO )

RODRIGUEZ, JOSE IGNACIO QUINTERO )

ROZO, NELSON QUIROGA, ALBERTO )

RECCHI, NICOLAS RESTREPO )

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 2 of 88

3

SALDARRIAGA, EDUARDO RESTREPO )

TRUJILLO, CIRO ENRIQUE RICHARDSON )

MORENO, VICTOR RINCON, AMPARO )

ROCHA DE ARAGON, MARIA DEL PILAR )

ROCHA JARAMILLO, BLANCA RUBIO )

CHAVEZ, JUAN CARLOS RUBIO PINZON, )

OSCAR SALAZAR MEJIA, JUAN CAMILO )

SALDARRIAGA TASCON, ARMANDO )

SANTAMARIA HERMIDA, LUIS )

DEMENTRIO SANTOS JIMÉNEZ, JUAN )

JOSE SANZ ADRADOS, GONZALO )

SEPULVEDA LOZANO, EDISON SILVA, )

MARIO RAFAEL PANCRACIO SOJO )

SANCHEZ, ELAINE M. STEFFEN, FLOR )

ALBA TALERO DE VALDERRAMA, )

RICARDO ANDRES TAMAYO NIÑO, )

MARTHA SUSANA TORRES ACEVEDO AND )

HERNAN JIMENEZ, JAIRO ALFONSO )

TORRES LOPEZ, ERICA BARBRA TOVAR, )

ALVARO TRUJILLO HENAO, MARTHA )

EUGENIA URDANETA GUTIERREZ, )

MARIELA VALDERRAMA, RENE )

FERNANDO VALDERRAMA TALERO, GINO )

EDUARDO VALDERRAMA TALERO, )

DANIEL RICARDO VARGAS REYES, CLARA)

INES VELASQUEZ DE ISAZA, ANTOINE )

YAMHURE, DANIEL GERMAN ZAMORA )

AVILA, and RICARDO ZUREK )

) )

Plaintiffs, ) )

v. ) )

JAIRO ENRIQUE SANCHEZ and )

DILIA MARGARITA BAEZ, ) )

Defendants. )

__________________________________________)

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 3 of 88

4

COMPLAINT

Rafael Acero Torres, Francisco José Agray Cortés, Maria Fernanda Amaya Martinez,

Beatriz Angel de Salazar, Raul Eduardo Angulo Carmona, Julio Arango Echeverry, Isabel Cristina

Arango Restrepo, Sergio Arango Saldarriaga, Henry Hernan Bacca Moreno, Bayta Ltda., Bel Air

Trading Ltd., Victor Rafael Beltran Martinez, Elsa Benedetti Ganda and Eduardo Zuluaga, Jose

Edgar Betancourt Gomez, Hans Robert Blumenthal, Arturo Boada, Richar Jose Bocanegra Rosillo,

Milagros Boo, Jose Camilo Cabra Monroy, William Cadena Urrea, Beatriz Camacho de Duran,

Luis Fernando Cardona Mendez, Jaime Castañeda Borrero, Julio Cesar Cedeño, CGC, Inc., Raul

Marcial Chamorro Casanova and Sara Maria Aguirre de Chamorro, Cooper Gay Suramerica

Ltda., Jose Gustavo Correa, Cranbrook Holdings Ltd, Rafael Maria Cruz Villamil, Jorge Alfredo

Delbouis Fuchs, Alfredo Leon Delbouis Molina, Luis Fernando Delgado Castano, Jairo Alberto

Diaz Perdomo, Mónica Sofia Dimaté Castellanos, Leonor Duran, Maria Cristina Luisa Elena

Duran, Maria Lucia Fernandez, Alexandra Fernandez Ospina and Hernando Emiliani Rivera, Rosa

Stella Fleing de Diaz, Andres Fabian Galindo, Enrique Alfonso Galvis Gamboa, Juan Garcia

Chavarria, Carlos Garza Hernandez, Gloria Garza Hernandez, Luis Fernando Gaviria Velasquez,

German Dario Gomez, Tirso Javier Gomez and Lilian Cardona de Gomez, Ulla Gomez, Dario

Gomez Jimenez, Ideraldo Luiz Goulart, Andrés Guerra Martinez, Francisco Guerrero Bernal,

Alberto Gutierrez Bernal, Hernan Dario Guzman Duarte, Andres Adolfo Hernandez, Cesar

Augusto Hernandez, Gustavo Hernandez, Mauricio Herrera Forero, Inversiones Paal & Cia S. En

C., Jaime Alberto Iraheta, Francisco Antonio Iraheta, Saira Carolina Iraheta, Miguel E. Jaramillo,

Adriana Maria Jimenez Diaz, Dora Elizabeth Josa Montero, Javier Octavio Junca Pelaez,

Kapalejayo Inc., Emilio Latorre Estrada, Alfonso Linares Porto, Francisco Leon Londono,

Hernando Macias, Leonardo Mantilla Jacome, Luis Orlando Melo Castañeda, Catalina Maria

Mendoza Pereyra, Luz Myriam Molano, Margarita Maria Molano Naffah, Javier Montes and Isabel

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 4 of 88

5

Montes, Jeanneth Alcira Mora Castro, Miguel Antonio Moreno Jimenez, Jemay Alcione Moyano

Parra, Hernan Munoz Orozco, Hani Ibrahim Mustafa Hassan, Margarita Naffah de Molano and

Jose Joaquin Molano, Roberto Naffah, Quenia Nunez Tovar, Martha Cecilia Ortiz Torres, Carlos

Alberto Ospina Otalora, Carlos Eduardo Ospina Reyes, Jorge Nelson Ostos Lopez, Juan Carlos

Parra and Alexandra Torres, Adriana Paez Martinez, Bernardo Parra Vasquez, Lucy Amparo

Patiño Franco, Gloria Ines Peláez De Junca and Augusto Octavio Junca Laverde, Augusto

Penaranda Sanjuan, Clara Stella Carmen Guillermina Pinzon de Naranjo, Clemencia Pinzon de

Rubio, Maria Cristina Pulido de Lhuillier, Estrella Quintero Rodriguez, Jose Ignacio Quintero

Rodriguez, Jose Ignacio Quintero Rozo, Nelson Quiroga, Alberto Recchi, Nicolas Restrepo

Saldarriaga, Eduardo Restrepo Trujillo, Ciro Enrique Richardson Moreno, Victor Rincon, Amparo

Rocha de Aragon, Maria Del Pilar Rocha Jaramillo, Blanca Rubio Chavez, Juan Carlos Rubio

Pinzon, Oscar Salazar Mejia, Juan Camilo Saldarriaga Tascon, Armando Santamaria Hermida,

Luis Dementrio Santos Jiménez, Juan Jose Sanz Adrados, Gonzalo Sepulveda Lozano, Edison

Silva, Mario Rafael Pancracio Sojo Sanchez, Elaine M. Steffen, Flor Alba Talero de Valderrama,

Ricardo Andres Tamayo Niño, Martha Susana Torres Acevedo and Hernan Jimenez, Jairo Alfonso

Torres Lopez, Erica Barbra Tovar, Alvaro Trujillo Henao, Martha Eugenia Urdaneta Gutierrez,

Mariela Valderrama, Rene Fernando Valderrama Talero, Gino Eduardo Valderrama Talero, Daniel

Ricardo Vargas Reyes, Clara Ines Velasquez de Isaza, Antoine Yamhure, Daniel German Zamora

Avila, and Ricardo Zurek (collectively, “Plaintiffs”), by and through their attorney, allege the

following based upon the investigation of counsel, except as to allegations concerning Plaintiffs

which are based upon personal knowledge. The investigation of counsel included, among other

things, a review of public filings, bank records, FIT financial statements, media and news reports,

and publicly available documents and other information.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 5 of 88

6

NATURE OF THE ACTION

1. This is a federal and state law action, brought by Plaintiffs, who invested funds

for trading in foreign currency with Defendant Jairo Enrique Sanchez (“Sanchez”) and

Defendant Dilia Margarita Baez (“Baez”) (collectively, “Defendants”), through their purported

corporation and/or limited liability company FIT International Group (“FIT Group”), FIT

International Group Corp. (“FIT Corp.”) and Forex Investment Team Inc. (“FIT New York”), as

well as other foreign corporate entities (collectively, “FIT”), between May 15, 2003 and August

25, 2009 (the “Investment Period”).1

2. This action is brought under Sections 6b(a) and 25(a) of the Commodities Exchange

Act of 1933 (“Exchange Act”) (7 U.S.C. §§ 6b(a)(2)(A)-(C), 25(a)), Sections 1962(c) and (d), and

1964(c) of the Racketeer Influenced and Corrupt Organizations Act of 1970 (“RICO”), (18 U.S.C.

§§ 1962(c)-(d), 1964(c)), and state common law, on behalf of Plaintiffs as defrauded investors to

recover damages caused to Plaintiffs by Defendants’ violations of the federal Exchange Act and

RICO statutes, and state common law.

3. Defendants orchestrated an international Ponzi scheme, stealing significantly in

excess of $100 million from deceived investors, including Plaintiffs, in the United States and

abroad. They executed this scheme principally through their Florida corporation, FIT Corp, and

through fraudulent representations concerning a nonexistent purported New York corporation

and/or limited liability company, FIT Group. Additionally, Defendants utilized at least three

other corporate instrumentalities in their scheme, including FIT New York, FIT Forex

1 Plaintiffs were members of a prior class action naming, among others, the same individual

defendants sued herein. Bolivar, et al. v. FIT International Group Corp., et al., No. 12-Civ-781

(SDNY) (the “Class Action”). By judgment and order dated September 23, 2019, the Class

Action court decertified the class, entered judgment for the name plaintiffs, and closed the case.

By this action, Plaintiffs now bring their claims individually.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 6 of 88

7

Investment Team S.A. (“FIT Colombia”), FIT Forex Investment Team AG (“FIT Switzerland”),

as well as several other sham companies — all mere deceptive devices for Defendants’

fraudulent schemes.

4. There is little doubt that Defendants (through FIT Corp., FIT New York, along with

their foreign corporate instrumentalities) defrauded investors out of millions, for which they are

now facing criminal punishment. This action seeks to recover, on behalf of Plaintiffs as defrauded

investors, all of Plaintiffs’ funds fraudulently and unlawfully misappropriated by Defendants, as

well as interest, costs, attorneys’ fees, and any other damages recoverable under law.

JURISDICTION AND VENUE

5. This action arises under Sections 6b(a) and 25(a) of the Exchange Act, (7 U.S.C.

§§ 6b(a)(2)(A)-(C), 25(a)), Sections 1962(c) and (d), and 1964(c) of RICO, (18 U.S.C. §§ 1962(c)-

(d), 1964(c)), and state common law. In connection with the acts, conduct, and other wrongs

alleged herein, Defendants, directly or indirectly, used the means and instrumentalities of interstate

commerce, the United States mail, and international wires.

6. This Court has subject matter jurisdiction over this action pursuant to Section

25(c) of the Exchange Act, (7 U.S.C. § 25(c)), Section 1964(a) of RICO, (18 U.S.C. § 1964(a)),

and 28 U.S.C. § 1331. The Court also has supplemental jurisdiction over the state law claims

pursuant to 28 U.S.C. § 1367.

7. Venue is proper pursuant to Section 25(c) of the Exchange Act, (7 U.S.C. § 25(c)),

Section 1965 of RICO, (18 U.S.C. § 1965), and 28 U.S.C. § 1391, insofar as a substantial part of

the events or omissions giving rise to this action occurred within this District, including but not

limited to the use of the mails and other interstate facilities to communicate with and disseminate

misleading information and statements to clients. Defendants conducted substantial business and

maintained offices within this District.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 7 of 88

8

PARTIES

8. Plaintiff Rafael Acero Torres is an individual residing at Calle 140 No. 7-40 Int.

8 Apto. 501, Bogota, Colombia.

9. Plaintiff Francisco José Agray Cortés is an individual residing at Calle 22B No.

65-28 Apto. 407, Bogota, Colombia.

10. Plaintiff Maria Fernanda Amaya Martinez is an individual residing at Calle 123 A

No. 13-31 Apto. 304, Bogota, Colombia.

11. Plaintiff Beatriz Angel de Salazar is an individual residing at Carrera 7 No. 144-

02 Apto. 804 Bogota, Colombia.

12. Plaintiff Raul Eduardo Angulo Carmona is an individual residing at Calle 94 No.

17-53 Apto. 501, Bogota, Colombia.

13. Plaintiff Julio Arango Echeverry is an individual residing at Apartado Postal 0823-

01313 Concordia Zona 7, Panama City, Panama.

14. Plaintiff Isabel Cristina Arango Restrepo is an individual residing at Condominio

Lagos de Iraka, Casa 59, Armenia, Quindio, Colombia 630008.

15. Plaintiff Sergio Arango Saldarriaga is an individual residing at Calle 131 A No.

13-71 C. 16, Bogota, Colombia.

16. Plaintiff Henry Hernan Bacca Moreno is an individual residing at Calle 92 No.

19-70, Bogota, Colombia.

17. Plaintiff Bayta Ltda is a Colombian corporation having its principal place of

business at Carrera 1 este No. 78-44, Bogota, Colombia.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 8 of 88

9

18. Plaintiff Bel Air Trading Ltd. is a Colombian corporation having its principal place

of business at Carrera 42 No. 168-54, Bogota, Colombia.

19. Plaintiff Victor Rafael Beltran Martinez is an individual residing at Calle 106 A

No. 18 B-50, Bogota, Colombia.

20. Plaintiffs Elsa Benedetti Ganda and Eduardo Zuluaga are individuals residing at

Carrera 5 No. 85-89, Bogota, Colombia.

21. Plaintiff Jose Edgar Betancourt Gomez is an individual residing at Calle 109A #

17-46, Bogota, Colombia.

22. Plaintiff Hans Robert Blumenthal is an individual residing at Calle 86 No. 10-50,

Bogota, Colombia.

23. Plaintiff Arturo Boada is an individual residing at Calle 65A No. 17-67, Bogota,

Colombia.

24. Plaintiff Richar Jose Bocanegra Rosillo is an individual residing at Av Calle 127

No. 13-08, Bogota, Colombia.

25. Plaintiff Milagros Boo is an individual residing at Carrera 71 BIS No. 123-25,

Bogota, Colombia.

26. Plaintiff Jose Camilo Cabra Monroy is an individual residing at Calle 140 No. 4-

45 Apto. 701 Torrel, Bogota, Colombia.

27. Plaintiff William Cadena Urrea is an individual residing at Calle 162 No. 54-56

Casa 27 Club Residencial Sota, Bogota, Colombia.

28. Plaintiff Beatriz Camacho De Duran is an individual residing at Calle 86 No. 11-

82 Apto. 302, Bogota, Colombia.

29. Plaintiff Luis Fernando Cardona Mendez is an individual residing at Carrera 72B

# 121-80, Torre 1, Apto. 301, Bogota, Colombia.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 9 of 88

10

30. Plaintiff Jaime Castañeda Borrero is an individual residing at Calle 134 No. 5A-

18 Edificio La Canada Bosque, Bogota, Colombia.

31. Plaintiff Julio Cesar Cedeño is an individual residing at Calle 127A N 11B-76

Apto. 302, Edeficio Prado Alto, Bogota, Colombia.

32. Plaintiff CGC, Inc. is a Panamanian corporation having its principal place of

business at Carrera 19B No. 84-60, Bogota, Colombia.

33. Plaintiffs Raul Marcial Chamorro Casanova and Sara Maria Aguirre De

Chamorro are individuals residing at Calle 78 No. 66-44 Unidad 13 int. 4 Apto. 407, Bogota,

Colombia.

34. Plaintiff Cooper Gay Suramerica Ltda is a Colombian corporation legally having

its principal place of business at Calle 98 # 21 - 50 Piso 3, Bogota, Colombia.

35. Plaintiff Jose Gustavo Correa is an individual residing at Carrera 52 No. 73-36,

Bogota, Colombia.

36. Plaintiff Cranbrook Holdings Ltd is a Panamanian corporation in the care of Law

Offices of Charles H. Camp, P.C., 1055 Thomas Jefferson Street, N.W., Suite L25, Washington,

D.C. 20007.

37. Plaintiff Rafael Maria Cruz Villamil is an individual in the care of the Law Offices

of Charles H. Camp, P.C., 1055 Thomas Jefferson Street, N.W., Suite L25, Washington, D.C.

20007.

38. Plaintiff Jorge Alfredo Delbouis Fuchs is an individual residing at Circuito

Tesoreros 103, Mexico City 14040, Mexico.

39. Plaintiff Alfredo Leon Delbouis Molina is an individual residing at Cebadales

231-B, Rinconada Coapa, Mexico City 14324, Mexico.

40. Plaintiff Luis Fernando Delgado Castano is an individual residing at Calle 93 No.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 10 of 88

11

17-23 Apto. 309 Bogota, Colombia.

41. Plaintiff Jairo Alberto Diaz Perdomo is an individual residing at Calle 96 No. 21-

30, Bogota, Colombia.

42. Plaintiff Mónica Sofia Dimaté Castellanos is an individual residing at Carrera 5

No. 25 C 50 Apto. 501, Bogota, Colombia.

43. Plaintiff Leonor Duran is an individual residing at 6 Tara Place, Wallingford,

Pennsylvania 19086.

44. Plaintiff Maria Cristina Luisa Elena Duran is an individual residing at 203

Topwater Lane, Greensboro, North Carolina 27455.

45. Plaintiff Maria Lucia Fernandez is an individual residing at Carrera 53 No. 106-

29 Apto. 604, Bogota, Colombia.

46. Plaintiffs Alexandra Fernandez Ospina and Hernando Emiliani Rivera are

individuals residing at Carrera 21 # 127 D 79 Apto. 802, Bogota, Colombia.

47. Plaintiff Rosa Stella Fleing De Diaz is an individual residing at Transversal 33

No. 128-19 BL 5 Int. 3 Apto. 802, Bogota, Colombia.

48. Plaintiff Andres Fabian Galindo is an individual residing at Carrera 17 No. 134

A-6, Casa 14, Bogota, Colombia.

49. Plaintiff Enrique Alfonso Galvis Gamboa is an individual residing at Calle 123 A

No. 43-46, Bogota, Colombia.

50. Plaintiff Juan Garcia Chavarria is an individual residing at 3 Barrio, Apto. 301,

Los Reyes, Mexico City, Mexico.

51. Plaintiff Carlos Garza Hernandez is an individual residing at Alejandro Volta 10

Depto 901-A Paseo de las Lomas, Del. Alvaro Obregon, Mexico City 01330, Mexico.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 11 of 88

12

52. Plaintiff Gloria Garza Hernandez is an individual residing at Ave. Sante Fe # 459

Dep. 1504, Col. Cruz Manca, De. Cuajimalpa C.P. Mexico City 05349, Mexico.

53. Plaintiff Luis Fernando Gaviria Velasquez is an individual residing at Calle 15 A

No. 10-10; KM 1 Via Jardines # 6-36, Bogota, Colombia.

54. Plaintiff German Dario Gomez is an individual residing at Tr. 1A # 68-81, Bogota,

Colombia.

55. Plaintiffs Tirso Javier Gomez and Lilian Cardona de Gomez are individuals

residing at Calle 140 No. 4 -45 Apto. 701 Torrel, Bogota, Colombia.

56. Plaintiff Ulla Gomez is an individual residing at Calle 12 # 9-97, Ville De Leyva,

Bogota, Colombia.

57. Plaintiff Dario Gomez Jimenez is an individual residing at Tr. 1A # 68-81, Bogota,

Colombia.

58. Plaintiff Ideraldo Luiz Goulart is an individual residing at Calle 100, 13-21, Piso

4, Bogota, Colombia.

59. Plaintiff Andrés Guerra Martinez is an individual residing at Carrera 13 # 38-65

of 606, Bogota, Colombia.

60. Plaintiff Francisco Guerrero Bernal is an individual residing at Carrera 16 # 106-

21 OF. # 102 Bogota, Colombia.

61. Plaintiff Alberto Gutierrez Bernal is an individual residing at Carrera 5A No. 131-

67 Bogota, Colombia.

62. Plaintiff Hernan Dario Guzman Duarte is an individual residing at Carrera 30 No.

25A-77 Apto. 401, Bogota, Colombia.

63. Plaintiff Andres Adolfo Hernandez is an individual residing at 15162 SW 11th

Street, Miami, Florida, 33194.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 12 of 88

13

64. Plaintiff Cesar Augusto Hernandez is an individual residing at 15162 SW 11th

Street, Miami, Florida, 33194.

65. Plaintiff Gustavo Hernandez is an individual residing at 2DA Castorena No. 75,

Casa 10, Mexico City, Mexico.

66. Plaintiff Mauricio Herrera Forero is an individual residing at Mauricio 6 # 131-21

Apto. 301, Barrio Bosques de Medina, Bogota, Colombia.

67. Plaintiff Inversiones Paal & Cia S. En C. is a Colombian corporation having its

principal place of business at Avenida la Americas No. 44-23, No. 401, Bogota, Colombia.

68. Plaintiff Jaime Alberto Iraheta is an individual residing at 13987 SW 278th Lane,

Homestead, Florida 33032.

69. Plaintiff Francisco Antonio Iraheta is an individual residing at 13987 SW 278th

Lane, Homestead, Florida 33032.

70. Plaintiff Saira Carolina Iraheta is an individual in the care of Law Offices of

Charles H. Camp, P.C., 1055 Thomas Jefferson Street, N.W., Suite L25, Washington, D.C. 20007.

71. Plaintiff Miguel E. Jaramillo is an individual residing at 47 Hollywood Avenue,

Cranford, New Jersey, 07016.

72. Plaintiff Adriana Maria Jimenez Diaz is an individual residing at Carrera 38 B No.

56 B - 15, Bogota, Colombia.

73. Plaintiff Dora Elizabeth Josa Montero is an individual residing at Carrera 74 No.

43-04 Apto. 301, Bogota, Colombia.

74. Plaintiff Javier Octavio Junca Pelaez is an individual residing at Carrera 17 No.

106-68, Bogota, Colombia.

75. Plaintiff Kapalejayo Inc. is a Panamanian corporation having its principal place of

business Carrera 21 # 169 - 01, Bogota, Colombia.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 13 of 88

14

76. Plaintiff Emilio Latorre Estrada is an individual residing at Carrera 105 No.

11 – 56 Torre 1 Apto. 502, Cali, Colombia.

77. Plaintiff Alfonso Linares Porto is an individual residing at Calle 91 # 8-29 Torre

1 Apto. 201, Bogota, Colombia.

78. Plaintiff Francisco Leon Londono is an individual in the care of Law Offices of

Charles H. Camp, P.C., 1055 Thomas Jefferson Street, N.W., Suite L25, Washington, D.C. 20007.

79. Plaintiff Hernando Macias is an individual residing at Diagonal 17 No. 28A-29,

Bogota Colombia.

80. Plaintiff Leonardo Mantilla Jacome is an individual residing at Carrera 13 No.

124-56 Apto. 601, Bogota, Colombia.

81. Plaintiff Luis Orlando Melo Castañeda is an individual residing at Calle 1 14 No.

19A -36 Apto. 501, Bogota, Colombia.

82. Plaintiff Catalina Maria Mendoza Pereyra is an individual residing at Carrera 21

N 103-54, Apto. 203, Bogota, Colombia.

83. Plaintiff Luz Myriam Molano is an individual residing at Carrera 7B # 135-27

Apto. 705 Bogota, Colombia.

84. Plaintiff Margarita Maria Molano Naffah is an individual residing at 233 Wekiva

Pointe Circle, Apopka, Florida 32712.

85. Plaintiffs Javier Montes and Isabel Montes are individuals residing at 401 SW

23rd Road, Miami, Florida 33129.

86. Plaintiff Jeanneth Alcira Mora Castro is an individual residing at Diagonal 75 D

No. 4-25 Bloque 53 Apto. 401, Medellin, Antioquia, Colombia.

87. Plaintiff Miguel Antonio Moreno Jimenez is an individual residing at PO Box

0819-08730, URB. Pacific Point Torre, 700 Apto. 18A, Bogota, Colombia.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 14 of 88

15

88. Plaintiff Jemay Alcione Moyano Parra is an individual in the care of Law Offices

of Charles H. Camp, P.C., 1055 Thomas Jefferson Street, N.W., Suite L25, Washington, D.C.

20007.

89. Plaintiff Hernan Munoz Orozco is an individual residing at Carrera 9 # 80 - 15,

Of. 701, Bogota, Colombia.

90. Plaintiff Hani Ibrahim Mustafa Hassan is an individual residing at Granada

Building, Suite 151, El Balou, El Bireh, Ramallah, Palestine.

91. Plaintiffs Margarita Naffah de Molano and Jose Joaquin Molano are individuals

residing at Carrera 7B # 135-27 Apto. 705 Bogota, Colombia.

92. Plaintiff Roberto Naffah is an individual residing at Avenida 15 No. 127A-33

Apto. 506, Bogota, Colombia.

93. Plaintiff Quenia Nunez Tovar is an individual residing at 5761 Hawkes Bluff

Avenue, Davie, Florida 33331.

94. Plaintiff Martha Cecilia Ortiz Torres is an individual residing at Carrera 19B No.

84-60, Bogota, Colombia.

95. Plaintiff Carlos Alberto Ospina Otalora is an individual residing at 320 NW 67

Street # 204, Boca Raton, Florida 33487.

96. Plaintiff Carlos Eduardo Ospina Reyes is an individual residing at Calle 105 No.

48 - 52, Bogota, Colombia.

97. Plaintiff Jorge Nelson Ostos Lopez is an individual residing at Calle 127 B No.

7B-67 Apto. 303, Bogota, Colombia.

98. Plaintiff Adriana Paez Martinez is an individual residing at Carrera 2 No. 62A-40,

Casa 28 Chapinero Alto, Bogota, Colombia.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 15 of 88

16

99. Plaintiffs Juan Carlos Parra and Alexandra Torres are individuals residing at 12106

Lymestone Way, Hollywood, Florida, 33026-1012.

100. Plaintiff Bernardo Parra Vasquez is an individual residing at Avenida la Americas

No. 44-23, No. 401, Bogota, Colombia.

101. Plaintiff Lucy Amparo Patiño Franco is an individual residing at Calle 25 B No.

32 A 48. Apto. 321, Bogota, Colombia.

102. Plaintiffs Gloria Ines Peláez De Junca and Augusto Octavio Junca Laverde are

individuals residing at Carrera 17 No. 123-09 Apto. 301, Bogota, Colombia.

103. Plaintiff Augusto Penaranda Sanjuan is an individual residing at Carrera 9 #116-

20 C-205 Bogota, Colombia.

104. Plaintiff Clara Stella Carmen Guillermina Pinzon De Naranjo is an individual

residing at Carrera 54 A No. 136 a - 65 Apto. 547, Bogota, Colombia.

105. Plaintiff Clemencia Pinzon De Rubio is an individual residing at Carrera 10 # 82

- 17 Apto. 504, Bogota, Colombia.

106. Plaintiff Maria Cristina Pulido De Lhuillier is an individual residing at 3, Place

Nelson Mandela, A - 1207 / Le Majestic, 77700 Chessy, France.

107. Plaintiff Estrella Quintero Rodriguez is an individual residing at Carrera 52 No.

69 A - 30, Bogota, Colombia.

108. Plaintiff Jose Ignacio Quintero Rodriguez is an individual residing at Carrera 52

No. 69 A - 30, Bogota, Colombia.

109. Plaintiff Jose Ignacio Quintero Rozo is an individual in the care of Law Offices

of Charles H. Camp, P.C., 1055 Thomas Jefferson Street, N.W., Suite L25, Washington, D.C.

20007.

110. Plaintiff Nelson Quiroga is an individual residing at AK 104 # 235 B - 20 CS 10

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 16 of 88

17

Hacienda San Sebastian, Bogota, Colombia.

111. Plaintiff Alberto Recchi is an individual residing at 1049 Park Avenue, Apt. 14A,

New York, New York 10028.

112. Plaintiff Nicolas Restrepo Saldarriaga is an individual residing at Carrera 7 No.

72-95 Apto. 503, Bogota, Colombia.

113. Plaintiff Eduardo Restrepo Trujillo is an individual residing at Carrera 7 No. 72-

95 Apto. 503, Bogota, Colombia.

114. Plaintiff Ciro Enrique Richardson Moreno is an individual residing at Carrera 80

No. 129-21 Casa 6, Bogota, Colombia.

115. Plaintiff Victor Rincon in an individual residing at Carrera 34A-36A 31 Apto. 201,

Bogota, Colombia.

116. Plaintiff Amparo Rocha De Aragon is an individual residing at Calle 84 No. 8-66

Apto. 402, Bogota, Colombia.

117. Plaintiff Maria Del Pilar Rocha Jaramillo is an individual residing at Calle 81 F

No. 5-27 Apto. 102, Bogota, Colombia.

118. Plaintiff Blanca Rubio Chavez is an individual residing at 12138 Goodman Street,

Miami, Florida.

119. Plaintiff Juan Carlos Rubio Pinzon is an individual residing at Calle 50 No. 9-67

Consultorio 509 Chapinero, Bogota, Colombia.

120. Plaintiff Oscar Salazar Mejia is an individual residing at Carrera 7 No. 144-02

Apto. 804 Bogota, Colombia.

121. Plaintiff Juan Camilo Saldarriaga Tascon is an individual residing at Calle 135

No. 20-98 Antigua H-3, Bogota, Colombia.

122. Plaintiff Armando Santamaria Hermida is an individual residing at Carrera 21 No.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 17 of 88

18

169-01, Bogota, Colombia.

123. Plaintiff Luis Dementrio Santos Jiménez is an individual residing at Guillermo

Gonzalez Camarena # 900-302, Santa Fe, Edificio Plana Santa Fe, Mexico City, Mexico.

124. Plaintiff Juan Jose Sanz Adrados is an individual residing at Carrera 20 No. 122-

50 Apto. 204, Bogota, Colombia.

125. Plaintiff Gonzalo Sepulveda Lozano is an individual residing at Avenida 15 No.

127B-33 Apto. 11-09, Bogota, Colombia.

126. Plaintiff Edison Silva is an individual residing at Apartado No. 8320440 WTC,

Ph Coco Palace, Panama City, Panama.

127. Plaintiff Mario Rafael Pancracio Sojo Sanchez is an individual residing at Carrera

53 No. 79-22 1 Apto. 402, Bogota, Colombia.

128. Plaintiff Elaine M. Steffen is an individual residing at 1825 Windsor Place, West

Palm Beach, Florida, 33407.

129. Plaintiff Flor Alba Talero De Valderrama is an individual residing at Carrera 12

No. 101-29 Apto. 704, Bogota, Colombia.

130. Plaintiff Ricardo Andres Tamayo Niño is an individual residing at Transversal 19

A No. 121-08 Apto. 301, Bogota, Colombia.

131. Plaintiffs Martha Susana Torres Acevedo and Hernan Jimenez are individuals

residing at Cave 104 No. 23 A - 12 Apto. 502, Bogota, Colombia.

132. Plaintiff Jairo Alfonso Torres Lopez is an individual residing at 99 N Post Lane,

Houston, Texas 77024.

133. Plaintiff Erica Barbra Tovar is an individual residing at 5761 Hawkes Bluff

Avenue, Davie, Florida 33331.

134. Plaintiff Alvaro Trujillo Henao is an individual residing at Avenida 19 No. 127 C

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 18 of 88

19

- 55 Torre 1 Apto. 201, Bogota, Colombia.

135. Plaintiff Martha Eugenia Urdaneta Gutierrez is an individual residing at Calle 91

No. 13A-44 Apto. 501, Bogota, Colombia.

136. Plaintiff Mariela Valderrama is an individual residing at Camra 9B No. 134B -35,

Bogota, Colombia.

137. Plaintiff Rene Fernando Valderrama Talero is an individual residing at Paseo de

los parques, 32, 14B, El Encinar de los Reyes, Alcobendas, Madrid, 28109, Spain.

138. Plaintiff Gino Eduardo Valderrama Talero is an individual residing at Carrera 12

No. 101 - 29 Apto. 702, Bogota, Colombia.

139. Plaintiff Daniel Ricardo Vargas Reyes is an individual residing at Carrera 21 No.

103-54 Apto. 203, Bogota, Colombia.

140. Plaintiff Clara Ines Velasquez De Isaza is an individual residing at KlO 1 1 N 12

Apto. 701 Edificio Montcrnadero, Bogota, Colombia.

141. Plaintiff Antoine Yamhure is an individual residing at Residencia & farina Club

A- 18, Bogota, Colombia.

142. Plaintiff Daniel German Zamora Avila is an individual residing at Carrera 19B

No. 84-60, Bogota, Colombia.

143. Plaintiff Ricardo Zurek is an individual residing at Carrera 9 No. 89-40 Apto. 301,

Bogota, Colombia.

144. Defendant Jairo Enrique Sanchez is an individual whose last known address is

Calle 140 No. 6-10 Apto. 501, Monteloma Torre 6, Edificio Monteloma PH, Bogota, Colombia.

145. Defendant Dilia Margarita Baez is an individual whose last known address is

Calle 140 No. 6-10 Apto. 501, Monteloma Torre 6, Edificio Monteloma PH, Bogota, Colombia.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 19 of 88

20

FACTUAL ALLEGATIONS

I. Defendants Claimed To Be Experts In The Foreign Currency Trading (Forex)

Market.

146. For years, Defendants marketed themselves as foreign currency trading experts.

They purported to operate a school instructing others in Forex trading, and held themselves out as

experienced experts in this market.

147. Forex is the common name for the trading market in foreign currency, one of the

largest markets in the world. Forex trading is not conducted on a central exchange, but through an

interbank market, an over the counter exchange, where parties trade directly with each other over

the telephone or through electronic networks all over the world. The Forex trading market trades

approximately three trillion dollars per day. Most trading in the Forex market is speculative,

attempting to take advantage of movements within the exchange rates between currencies as

interest rates and other factors that cause them to change.

148. In an ordinary Forex transaction, investors trade two currencies, for instance buying

European Euros with United States Dollars, or vice versa. There are no commissions on the trade.

Instead, prices are quoted based on a spread between the buying and selling price for the currencies.

The major commonly traded currencies are designated, for example, EURUSD (euros to dollars),

USDJPY (dollars to yen), and GBPUSD (pounds to dollars). Forex trades are ordinarily traded on

margin, requiring only a relatively small deposit to trade larger positions in the market, sometimes

as low as 1% (requiring, for example, only a $1 deposit to trade $100).

149. Because there are no daily limits on trading or the hours for trades, except on

weekends, there is nearly always an opportunity to react to moves in the main currency markets

and a low risk of being caught in an investment without an opportunity to exit.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 20 of 88

21

II. Defendants Created A Sophisticated, Fraudulent Corporate Enterprise To Execute

An International Ponzi Scheme.

150. Defendants marketed their expertise directly and through various different

corporate entities, including FIT Switzerland, a company incorporated in Switzerland and

registered as an investment advisor in Colombia, which was used to solicit clients in Colombia and

throughout the world, and FIT Colombia, a Colombian company which was not authorized to

solicit clients for investment purposes.

151. As an integral part of their scheme, Defendants claimed to execute a proprietary

Forex trading strategy through FIT Group, a purported corporation, and at other times a purported

limited liability company, organized under the laws of the State of New York. In reality, no such

company has ever been incorporated, as a corporation or limited liability company, in New York.2

FIT Group was merely a sham to avoid any legitimate, enforceable contractual relationships

with investors. All of the transactions supposedly executed by FIT Group were conducted by

Defendants and by other real corporate entities.

152. Defendants primarily solicited clients, including Plaintiffs, by marketing to them

through social connections. In particular, Mauricio Vasquez Uribe (“Uribe”), a dentist in

Colombia, advertised FIT Group and its purported stable returns to a substantial number of

investors. Uribe continually introduced Plaintiffs and other investors to FIT Group by hosting

investment meetings at his brother’s home in Miami, Florida, at his dental offices in Colombia,

and in investors’ homes. In soliciting Plaintiffs and other investors, Uribe gave them each the

same presentation regarding FIT Group and its Forex trading strategy, and showed each

investor the same video produced by Defendants regarding FIT Group. Uribe also showed

2 FIT New York was incorporated in New York, and, like FIT Switzerland and FIT Colombia, was

merely a marketing and promotional instrumentality used to defraud investors and solicit funds for

the scheme.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 21 of 88

22

potential investors his personal investment statements from FIT Group and the profitable

returns that he had purportedly received from his investment. In addition, Uribe provided

potential investors with fictitious, unenforceable trading agreements to sign with FIT Group.

153. As Defendants began to solicit more investors, Baez incorporated FIT Corp. on

May 12, 2003 in Florida, in order to elevate the sophistication of the scheme and provide an added

measure of perceived legitimacy. Defendants used FIT Corp. to open bank accounts with JP

Morgan Chase, N.A. (“JP Morgan”) in New York, assuring Plaintiffs and other investors that their

money would be deposited into segregated accounts at a reputable United States bank.

III. Defendants Solicited Over $100 Million From Investors With False Promises Of

Consistent, Profitable Returns And Protection From Substantial Loss.

154. Defendants, directly and through their various entities, including FIT New York,

fraudulently marketed their fictitious Forex trading company, FIT Group, and promoted false and

misleading, invalid, unenforceable trading agreements with FIT Group to investors. They showed

investors false statements, promising consistent, profitable monthly returns of approximately 3-

4% over several years. Defendants falsely promised investors that their investments were protected

because FIT had stop loss measures in place to limit any negative losses on investments.

155. Defendants made numerous false statements and representations in the purported

contracts between FIT Group and the investors. Defendants fraudulently promised that FIT Group

“has all of the applicable required government approvals, licenses, and permits, including but not

limited to, if applicable, registration with the NFA [National Futures Association] as a commodity

trader advisor (CTA).” (FIT Trading Agreement at p. 17, attached hereto as Exhibit A). Moreover,

pursuant to the contract, Defendants, directly and through FIT New York and other corporate

instrumentalities, claimed that:

All customer accounts are segregated as a sub-account of one

major FIT account.

All customer accounts will have trades executed via the FIT

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 22 of 88

23

account and FIT trading lines.

The automated FIT trading system will distribute profits and

losses accordingly to all customers.

Id. at p. 14.

156. In reality, FIT Group did not exist, but rather was a device through which

Defendants defrauded investors. Defendants also defrauded investors through their other corporate

instrumentalities: FIT Corp., FIT New York, FIT Switzerland, and FIT Colombia. Defendants

were not registered with the National Futures Association (“NFA”) or the Commodity Futures

Trade Commission (“CFTC”). Although applications had been pending with the NFA, those

applications were never approved. Importantly, Defendants did not segregate customer accounts,

but rather pooled them into one account at JP Morgan and later Bank of America, both in New

York. Defendants did not engage in Forex trading as represented, but devised a scheme merely to

steal the funds that clients had invested with them.

157. Through FIT, Defendants collected over $100 million from Plaintiffs and other

investors, which was initially deposited into accounts at JP Morgan and later Bank of America in

August 2008. Over the course of the Investment Period, Plaintiffs individually invested thousands

of dollars with FIT. (See Master List of Individual Plaintiffs’ Investments and Withdrawals,

attached hereto as Exhibit B).

158. Defendants never invested Plaintiffs’ money in Forex trading as they had promised,

but merely siphoned it away to secret private accounts at JP Morgan, Bank of America, HSBC,

UBS, and Wachovia in order to use the funds for their own purposes.

159. In order to deceive clients that Defendants were trading on their behalf with

consistent, profitable returns, Defendants provided investors internet access, through

www.forexfit.com and www.fitcolombia.com, to false and misleading electronic monthly

statements that purportedly showed profitable foreign currency trades and increasing investment

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 23 of 88

24

returns over a consistent period. Contrary to their representations and statements, Defendants

never invested the amounts they had claimed and merely produced false trade statements to cover

their misconduct and report false profits to investors.

160. These false monthly statements showed consistent, stable returns to investors for

years, despite significant market volatility. Indeed, Defendants used these false returns to solicit

new clients and additional funds, claiming that their investment strategy was reliable and

profitable.

IV. As Their Scheme Began To Unravel, Defendants Prepared And Executed A Deceptive

And False Exit Scheme Claiming Fictitious, Massive Losses.

A. Preparing For An Eventual Exit, Defendants Crafted New Trading

Agreements to Deceive Investors About Their Legal Rights.

161. In anticipation of the inevitable collapse of their Ponzi scheme, in 2007,

Defendants prepared to deceive investors regarding the loss of their investments. First,

Defendants changed the purported trading agreement with FIT Group to allow FIT to “act as the

counter-party to the Trader in all such transactions.” (See FIT Second Trading Agreement at p.

2, attached hereto as Exhibit C). Had FIT been the counterparty during its years of purported

profitable returns, it would have lost its investors significant sums of money. Second,

Defendants broadened the purported arbitration provisions so that “[n]either Trader nor FIT

[Group] shall be entitled to join or consolidate disputes by or against others in any arbitration,

or to include in an arbitration any dispute as a representative or member of a class ....” Id. at p.

7.

162. Although the trading agreements were invalid and unenforceable because FIT

Group did not exist, the changes allowed Defendants to further advance their fraud against

Plaintiffs and other investors. Now Defendants had the option of claiming “losses” in transactions

to which FIT was a counterparty in breach of the fiduciary duty owed to investors, and of deceiving

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 24 of 88

25

investors that had no legal recourse through legal action.

B. As Withdrawals And Redemptions Increased, And New Investors

Decreased, Defendants’ Ponzi Scheme Began to Publicly Unravel.

163. In November 2008, Uribe began warning investors to pull their money out of FIT

because he had concerns over their operations, after he visited Defendants’ purported New York

offices and found the offices empty. On December 1, 2008, Uribe redeemed his entire investment

in FIT of $2,269,655.65. When Plaintiffs and other investors questioned Defendants about Uribe’s

claims, Defendants publicly expressed outrage about Uribe’s actions and statements, and continued

to claim that they were operating a legitimate enterprise and that Plaintiffs and other investors’

money would be available to them at any time.

164. In December 2008, Defendants were forced to deposit over $6 million back into

the FIT Corp. operating account at Bank of America to continue meeting withdrawals and

redemptions. Defendants sensed a collapse of their scheme and made final preparations for an exit.

C. Defendants Executed Their Exit Strategy By Manufacturing Massive Losses

On Investor Account Statements For The First Time In Their History.

165. With the new trading agreements in place since 2007, and the scheme collapsing

under the weight of increased redemptions in December 2008, Defendants announced bad news

for the first time in their trading history.

166. In January 2009, FIT released statements with uncharacteristically low, but still

positive returns. While the returns varied amongst investors, the returns were generally well below

1%. In February 2009, FIT reported its first loss, showing uniformly negative returns of 1-2% for

each investor. In addition, FIT showed open trade positions with substantial losses in order to

avoid the potential for requested redemptions based on the February 2009 statements. This was

the first time FIT had open positions.

167. Upon receipt of weak profits in January, followed by losses and open positions in

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 25 of 88

26

February, investors began requesting significant redemptions of their investments. Despite

Defendants’ promises, Defendants never provided the requested redemptions.

168. By February 2009, Defendants began to expressly refuse to provide withdrawals

or redemptions to Plaintiffs and other investors, claiming that no client funds may be removed until

all open positions in the market were closed. This was the first time FIT had ever suspended

withdrawals or redemptions.

169. In March 2009, Plaintiffs and other investors began revoking the limited power of

attorney they provided to FIT Group to trade on their behalf, but Defendants never complied.

170. Additionally in March 2009, once the supposed open positions were closed, FIT

posted catastrophic losses purportedly up to between 70% and 80% of investor accounts.

Defendants never traded these positions, but merely manufactured false reports of losses on paper

transactions that they purposely selected after the fact to defraud investors.

171. According to Defendants, for each of the three claimed open positions, one in

GBPUSD (British Pounds to US Dollars) and two in EURUSD (EU Euros to US Dollars),

Defendants allegedly sold right before the market shot back into hugely profitable returns.

172. In the case of the two EURUSD positions, Defendants allegedly sold one and two

weeks before those positions would have reaped tremendous returns. Specifically, Defendants

purportedly sold the two EURUSD positions at $1.2460 and $1.2642, respectively, despite the fact

that they claimed to have originally purchased the positions at $1.3090 and $1.3072, respectively.

If the positions had sold only a couple weeks later on March 19, 2009, the prices would have risen

to $1.3661 — for a dramatic increase and profit.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 26 of 88

27

173. Similarly, in the GBPUSD position, Defendants purportedly sold for a substantial

loss on March 10, 2009, the exact lowest point before a period of continuous recovery. If

Defendants had waited, the price would have fully recovered by April 14, 2009 and would have

become extremely profitable by June 2, 2009.

174. Moreover, not only did Defendants purportedly sell GDPUSD on the worst

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 27 of 88

28

possible date, but they oversold, taking a short position and selling the currency for an additional

significant loss to investors later on March 18, 2009.

175. Defendants’ timing was “too perfect” to be legitimate. With respect to both the

GDPUSD and EURUSD positions, Defendants claimed to have sold for substantial losses at the

lowest points those positions had ever been, a point to which they never returned.

176. This was merely a fiction manufactured on paper. The purchase dates for those

positions were purposefully selected to avoid extreme volatility and disastrous declines only

months before, which would have required Defendants to attempt to collect more money from

investors to cover the losses. In addition, the purchases were just at the right declines in the market

to create the perception of losses to wipe out investors’ funds almost completely.

177. Defendants had been looking for this opportunity for months. Defendants

purposefully chose the positions at the beginning of the month (February 9, 2009 and February 10,

2009) to allow them to manufacture losses that would purportedly occur right before statements

were made available at the end of the month. Defendants then claimed to have sold at the beginning

of the next month (March 3, March 10, and March 11, 2009) before any recovery movements could

disrupt their scheme. Despite these significant losses, FIT continued to produce statements

showing that clients had sizable investments remaining.

178. Meanwhile, FIT had almost complete redemption requests for the remaining

funds. Again, FIT falsely claimed that they were processing all requests and would issue returns

shortly. The returns never came. Plaintiffs and other investors demanded information to verify

the purported transactions that produced the catastrophic losses, including the counterparties

and interbank records. Defendants could not produce any evidence of the trades.

179. Rather than investing client funds in the particular Forex trading strategy they had

promised, Defendants merely parked clients’ funds in various JP Morgan, Bank of America,

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 28 of 88

29

HSBC, UBS, and Wachovia bank accounts and used the money to fund their fraudulent operation

to promote their Ponzi scheme. Defendants also paid themselves and friends, and misappropriated

substantial funds to other business ventures, including Swiss, Panamanian, and Colombian sham

companies controlled by Defendants.

CAUSES OF ACTION

COUNT I — FRAUD

180. Plaintiffs hereby incorporate by reference Paragraphs 1 through 179 as if set forth

fully herein.

181. Defendants made material, uniformly false statements to Plaintiffs in order to

solicit their investments through FIT Group. They falsely represented that FIT Group was a New

York corporation and/or limited liability company. In fact, FIT Group had never been

incorporated in New York or any other state. FIT Group was merely a fraudulent artifice (and

enterprise) created to avoid contractual liability to Plaintiffs. Defendants falsely represented that

FIT Group “has all of the applicable required government approvals, licenses, and permits,

including but not limited to, if applicable, registration with the NFA as a commodity trader advisor

(CTA).” (See Exhibit A, p. 17). In fact, Defendants did not have the proper license or government

approval to solicit or invest client funds. In addition, Defendants, directly and through FIT New

York and other corporate instrumentalities, falsely misrepresented that:

All customer accounts are segregated as a sub-account of one major

FIT account.

All customer accounts will have trades executed via the FIT account

and FIT trading lines.

The automated FIT trading system will distribute profits and losses

accordingly to all customers.

Id. at p. 14.

In reality, customer accounts were not segregated, trades were not executed as represented

by Defendants, and the FIT trading system was a sham.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 29 of 88

30

182. Moreover, over the course of their purported trading in the Forex market,

Defendants produced numerous materially false and misleading client account statements,

purporting to show trades and profits with stable, consistent returns over a sustained period of

time, regardless of volatility in the market. Defendants had not traded in the currency and amounts

they claimed, but were merely siphoning money from clients for their own personal benefit and

use.

183. Defendants had actual knowledge that these statements and misrepresentations

were false when they made them.

184. Defendants made such statements and misrepresentations intentionally to induce

Plaintiffs to detrimentally rely upon them.

185. Plaintiffs reasonably and justifiably relied upon Defendants’ false representations

in deciding to invest and maintain their investments with Defendants. Plaintiffs had no knowledge

of, nor could they have had knowledge of, Defendants’ fraud.

186. As a direct and proximate cause of Plaintiffs’ reasonable reliance on Defendants’

intentional and materially false statements, Plaintiffs suffered damages in the following amounts:3

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9%

Prejudgment

Interest

(Calculated

from Feb 28,

2009) (USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

3 As recommended by Magistrate Judge Debra Freeman in the Class Action, the prejudgment

interest is calculated at 9% per annum on each Plaintiff’s out-of-pocket losses. As Plaintiffs were

not allowed to withdraw their funds beginning in February 2009, supra ¶ 168, Plaintiffs seek

prejudgment interest from February 28, 2009 through September 30, 2019. Plaintiffs reserve the

right to increase the “Actual Damages Including Prejudgment Interest” figure as it increases over

the course of trial.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 30 of 88

31

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 31 of 88

32

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 32 of 88

33

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 33 of 88

34

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 34 of 88

35

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 35 of 88

36

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 36 of 88

37

COUNT II — BREACH OF FIDUCIARY DUTY

187. Plaintiffs hereby incorporate by reference Paragraphs 1 through 186 as if set forth

fully herein.

188. Defendants owed a fiduciary duty to Plaintiffs. Pursuant to various account

agreements that Plaintiffs executed, Defendants, through FIT, agreed to take Plaintiffs’ money

and invest it in the Forex trading platform. Plaintiffs placed special trust and confidence in

Defendants to trade in the highly sophisticated and complex foreign currency exchange market

because Defendants claimed they had special knowledge and expertise in the field. This

special relationship of trust and confidence created fiduciary duties of care, loyalty, honesty,

and candor owed by Defendants to Plaintiffs. Defendants’ actions were a gross dereliction of

the duties owed to Plaintiffs, and were of such an extreme departure from the standard of care in

the industry so as to have been patently unreasonable and actionable.

189. Defendants breached a fiduciary duty owed to Plaintiffs by failing to act on behalf

of their clients and misappropriating Plaintiffs’ monies for personal benefit. Defendants, through

FIT, failed to trade in the manner advertised and failed to segregate Plaintiffs’ funds. Instead of

acting on behalf of Plaintiffs, Defendants perpetuated a massive money laundering and

embezzlement scheme in which they misappropriated millions of dollars in client funds for their

own personal benefit and use, and to further their fraud. Defendants engaged in multiple acts of

self-dealing and falsely reported trade activity and the status of Plaintiffs’ funds.

190. Defendants also breached their duty of care to Plaintiffs by engaging in a foreign

currency exchange and holding positions without any protection against losses in a period of

significant decline. Defendants failed to sell those foreign currency positions at a reasonable and

prudent time to prevent losses. Defendants failed to put in place stop-loss or stop-limit orders to

prevent unreasonable losses as promised. Defendants failed to purchase put options or sell futures

contracts to limit exposure to unreasonable risks of loss in the foreign currency positions.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 37 of 88

38

191. As a direct and proximate cause of Defendants’ conduct, Plaintiffs suffered

damages in the following amounts:

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9% Prejudgment

Interest

(Calculated from

Feb 28, 2009)

(USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 38 of 88

39

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 39 of 88

40

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 40 of 88

41

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 41 of 88

42

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 42 of 88

43

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 43 of 88

44

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

COUNT III — CONVERSION

192. Plaintiffs hereby incorporate by reference Paragraphs 1 through 191 as if set forth

fully herein.

193. Defendants, through FIT Corp., unlawfully converted investment funds from

clients for their own personal benefit and use. Over the course of several years, Defendants were

granted use of Plaintiffs’ funds for the sole purpose of investing those funds in the Forex Market

for Plaintiffs’ benefit. Defendants possessed and controlled Plaintiffs’ funds, claiming that they

were investing clients’ funds in the Forex market as promised and reporting significant profits.

194. Plaintiffs have a possessory right and interest in the millions of dollars they

invested with FIT.

195. Defendants exercised unauthorized dominion and control over Plaintiffs’ funds by

the unsanctioned diversion of those funds for Defendants’ own purposes. Defendants stole

Plaintiffs’ funds in furtherance of Defendants’ Ponzi scheme, for their own personal benefit,

including by diverting assets to foreign companies and entities associated with Defendants.

196. Plaintiffs’ investment funds constitute customer property. Defendants, through

FIT, are liable for having wrongfully and unlawfully converted these monies and are now

obligated to return all such monies to Plaintiffs.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 44 of 88

45

197. As a direct and proximate cause of Defendants’ conduct, Plaintiffs suffered

damages and injury to property in the following amounts:

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9%

Prejudgment

Interest

(Calculated

from Feb 28,

2009) (USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 45 of 88

46

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 46 of 88

47

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 47 of 88

48

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 48 of 88

49

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 49 of 88

50

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 50 of 88

51

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

COUNT IV — UNJUST ENRICHMENT

198. Plaintiffs hereby incorporate by reference Paragraphs 1 through 197 as if set forth

fully herein.

199. Defendants were unjustly enriched through use of their Ponzi scheme for the

purpose of defrauding investors.

200. Plaintiffs conferred substantial benefits upon and enriched Defendants by providing

them with significant capital for investment. Contrary to Defendants’ representations, however,

Defendants did not invest the funds as promised but engaged in a fraudulent scheme to enrich

themselves.

201. Defendants’ enrichment was at the expense of Plaintiffs. All of the money that

Defendants diverted to Defendants’ personal accounts, which was used to maintain offices and

residential properties throughout the world, was stolen from Plaintiffs without any corresponding

benefit or compensation.

202. Defendants orchestrated a scheme merely to cheat investors out of their money.

Equity and good conscience requires restitution of all monies received by Defendants from

Plaintiffs, including the customer property Plaintiffs directly invested with FIT, and any profits

made from its use.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 51 of 88

52

203. As a direct and proximate cause of Defendants’ wrongful conduct, Plaintiffs

suffered damages in the following amounts:

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9%

Prejudgment

Interest

(Calculated

from Feb 28,

2009) (USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 52 of 88

53

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 53 of 88

54

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 54 of 88

55

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 55 of 88

56

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 56 of 88

57

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 57 of 88

58

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

COUNT V — COMMODITIES FRAUD UNDER SECTION 6(b) OF THE

COMMODITIES EXCHANGE ACT

(7 U.S.C. § 6b(a)(2)(A)-(C))

204. Plaintiffs hereby incorporate by reference Paragraphs 1 through 203 as if set forth

fully herein.

205. Defendants, through corporate instrumentalities including FIT Colombia and FIT

Switzerland, attempted to cheat and defraud, and in fact cheated and defrauded Plaintiffs, through

a Ponzi scheme based on purported foreign currency trading. Defendants willfully falsified reports

and statements concerning the profitability of Plaintiffs’ investments by misappropriating client

funds. In addition, Defendants willfully attempted to deceive, and in fact deceived Plaintiffs, by

providing and purporting to execute unenforceable FIT contracts, the terms of which Defendants

had no intention to comply.

206. These misrepresentations were material and made with intent to defraud Plaintiffs

and other investors.

207. Pursuant to Section 2(a) of the Exchange Act (7 U.S.C. § 2(a)(1)(B)), Defendants

are also equally liable for the same or similar violations by persons acting on their behalf, including

the managers, employees, and agents of FIT who executed any part of their fraudulent scheme and

efforts to deceive.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 58 of 88

59

208. Defendants’ misconduct was in connection with orders to make, or the making of,

contracts of sale of commodities for future delivery, made or to be made, for or on behalf of other

persons.

209. As a direct and proximate cause of Defendants’ misconduct, Plaintiffs suffered

damages in the following amounts:

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9%

Prejudgment

Interest

(Calculated

from Feb 28,

2009) (USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 59 of 88

60

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 60 of 88

61

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 61 of 88

62

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 62 of 88

63

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 63 of 88

64

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 64 of 88

65

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

COUNT VI — CONTROL PERSON LIABILITY UNDER

SECTION 13c(b) OF THE COMMODITIES EXCHANGE ACT

(7 U.S.C. § 13c(b))

210. Plaintiffs hereby incorporate by reference Paragraphs 1 through 209 as if set forth

fully herein.

211. Defendants acted as controlling persons within the meaning of Section 13c(a) of

the Exchange Act (7 U.S.C. § 13c(a)). As directors, officers, and majority shareholders with

direct supervisory and operational control, Defendants controlled FIT New York, FIT

Switzerland, and FIT Colombia, did not act in good faith, and knowingly induced, directly or

indirectly, their violations of Section 6b(a) of the Exchange Act (7 U.S.C. § 6b(a)(2)(A)-(C)).

212. As set forth above, supra ¶¶ 204-209, Defendants, through FIT New York, FIT

Switzerland, and FIT Colombia, violated Section 6b(a) by their deceptive, false and misleading

actions. As a consequence of their positions as controlling persons, Defendants are liable for the

actions of FIT Corp. and FIT New York in violation of Section 13c(a) (7 U.S.C. § 13c(a)).

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 65 of 88

66

213. As a direct and proximate cause of Defendants’ conduct, Plaintiffs suffered

damages in the following amounts:

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9% Prejudgment

Interest

(Calculated from

Feb 28, 2009)

(USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 66 of 88

67

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 67 of 88

68

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 68 of 88

69

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 69 of 88

70

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 70 of 88

71

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 71 of 88

72

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

COUNT VII — VIOLATION OF THE RACKETEER INFLUENCED

AND CORRUPT ORGANIZATIONS ACT (RICO)

214. Plaintiffs hereby incorporate by reference Paragraphs 1 through 213 as if set forth

fully herein.

215. Defendants are persons within the meaning of 18 U.S.C. § 1961(3), as individuals

or entities capable of holding a legal or beneficial interest in property. FIT International Group,

or FIT Group, is an enterprise within the meaning of 18 U.S.C. § 1961(4), as a group of individuals,

including Defendants, their corporate instrumentalities, and other persons, associated in fact

although not a legal entity. Thus, the “association in fact” enterprise had a structure and

organization and existed apart from its predicate acts. The enterprise had relationships among

those associated with the enterprise and longevity sufficient to permit these associates to pursue

the enterprise’s purpose. At all relevant times to this Complaint, the enterprise was engaged in,

and its activities affected, interstate and foreign commerce.

216. Each Defendant is distinct and separate from FIT Group, the association-in-fact

enterprise of which they are a component part. Defendants are the sole shareholders, officers, and

directors of FIT Corp. and FIT New York. Defendants marketed their fraudulent Forex trading

scheme through FIT New York. Defendants had access to Plaintiffs’ funds in bank accounts held

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 72 of 88

73

under FIT Corp. Defendants were all employed by or associated with FIT Group and both

conducted and participated, directly or indirectly, in the conduct of FIT Group’s affairs.

217. FIT Group was a Ponzi scheme organized to fraudulently solicit Plaintiffs’ funds

for a purported investment in foreign currency in order to misappropriate those funds for the

personal benefit and use of Defendants as co-conspirators.

218. Between 2003 and 2009, Defendants conducted or participated in the affairs of the

enterprise, FIT Group, through a pattern of racketeering activity in violation of Section 1962(c) of

RICO (18 U.S.C. § 1962(c)).

219. Specifically, Defendants have engaged in a repeated pattern of mail fraud (18

U.S.C. § 1341) and wire fraud (18 U.S.C. § 1343). As set forth above, supra ¶¶ 180 – 186,

Defendants purposefully created and participated in a scheme to defraud investors, including

Plaintiffs, for the purpose of stealing their funds for personal use. As an integral part of that

scheme, Defendants sent through the mails and international wires, false and misleading

advertisements to clients to solicit funds, and produced false and misleading statements showing

purported profits in the Forex trading market. This was the standard method by which Defendants

conducted their fraudulent business and how they covered up their misappropriation and

misconduct.

220. Between 2003 and 2009, Defendants engaged in conspiratorial conduct in

violation of Section 1962(d) of RICO (18 U.S.C. § 1962(d)). Each Defendant agreed that a

conspirator would conduct or participate in the affairs of the enterprise through a pattern of

racketeering. The conspiratorial objective of that mutual agreement was intended to obtain

Plaintiffs’ interests in business and/or property.

221. As a direct and proximate cause of Defendants’ conduct, Plaintiffs have been

injured in their business and property, and suffered damages in the following amounts:

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 73 of 88

74

Last Name

/ Company

Name

First

Name

Amounts

Deposited

(USD$)

Amounts

Withdraw

n (USD$)

Actual

Damages

(USD$)

9%

Prejudgme

nt Interest

(Calculated

from Feb

28, 2009)

(USD$)

RICO

Treble

Damages

(USD$)

Treble

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.0

0

- 130,000.00 123,859.73 390,000.00 513,859.73

Agray

Cortes

Francisc

o Jose

221,427.2

7

129,800.0

0

91,627.27 87,299.45 274,881.81 362,181.26

Amaya

Martinez

Maria

Fernand

a

343,000.0

0

40,720.00 302,280.00 288,002.45 906,840.00 1,194,842.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 83,475.00 109,985.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 126,000.00 166,016.22

Arango

Echeverry

Julio 729,800.0

0

364,700.0

0

365,100.00 347,855.28 1,095,300.

00

1,443,155.28

Arango

Restrepo

Isabel

Cristina

138,181.0

0

- 138,181.00 131,654.31 414,543.00 546,197.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 63,000.00 83,008.11

Bacca

Moreno

Henry

Hernan

135,100.0

0

96,480.00 38,620.00 36,795.87 115,860.00 152,655.87

Bayta

Ltda.

1,504,967

.35

126,900.0

0

1,378,067.

35

1,312,977.

26

4,134,202.

05

5,447,179.31

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 150,000.00 197,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 255,000.00 335,985.21

Benedetti

Ganda

Elsa,

and

Eduardo

Zuluaga

1,269,375

.00

1,179,750

.00

89,625.00 85,391.75 268,875.00 354,266.75

Betancour

t Gomez

Jose

Edgar

320,000.0

0

- 320,000.00 304,885.48 960,000.00 1,264,885.48

Blumenth

al

Hans

Robert

204,443.3

4

79,920.00 124,523.34 118,641.74 373,570.02 492,211.76

Boada Arturo 171,482.0

0

- 171,482.00 163,382.41 514,446.00 677,828.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 170,587.20 224,763.83

Boo Milagro

s

40,000.00 - 40,000.00 38,110.68 120,000.00 158,110.68

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 74 of 88

75

Cabra

Monroy

Jose

Camilo

260,000.0

0

32,250.00 227,750.00 216,992.71 683,250.00 900,242.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 90,000.00 118,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 198,000.00 260,882.63

Cardona

Mendez

Luis

Fernand

o

100,000.0

0

9,960.00 90,040.00 85,787.15 270,120.00 355,907.15

Castaneda

Borrero

Jaime 601,797.9

0

491,976.3

1

109,821.59 104,634.40 329,464.77 434,099.17

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 66,120.00 87,118.99

Cgc Ltda.

Inc

6,785,132

.26

3,853,517

.89

2,931,614.

37

2,793,145.

79

8,794,843.

11

11,587,988.90

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre

de

Chamor

ro

700,000.0

0

314,800.0

0

385,200.00 367,005.90 1,155,600.

00

1,522,605.90

Cooper

Gay

Surameric

a Ltda

1,075,000

.00

762,260.0

0

312,740.00 297,968.39 938,220.00 1,236,188.39

Correa Jose

Gustavo

115,000.0

0

92,980.00 22,020.00 20,979.93 66,060.00 87,039.93

Cranbrook

Holdings

Ltd

330,000.0

0

- 330,000.00 314,413.15 990,000.00 1,304,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 180,000.00 237,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 116,475.00 153,466.18

Delbouis

Molina

Alfredo

Leon

700,000.0

0

- 700,000.00 666,936.99 2,100,000.

00

2,766,936.99

Delgado

Castano

Luis

Fernand

o

210,509.0

0

- 210,509.00 200,566.05 631,527.00 832,093.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 56,160.00 73,995.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 240,000.00 316,221.37

Duran

Camacho

Leonor 100,000.0

0

- 100,000.00 95,276.71 300,000.00 395,276.71

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.0

0

- 100,000.00 95,276.71 300,000.00 395,276.71

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 75 of 88

76

Fernandez Maria

Lucia

225,400.0

0

79,460.00 145,940.00 139,046.83 437,820.00 576,866.83

Fernandez

Ospina

Alexand

ra, and

Hernand

o

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 228,000.00 300,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 149,940.00 197,559.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 210,000.00 276,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.0

0

49,960.00 88,040.00 83,881.62 264,120.00 348,001.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 97,071.00 127,899.69

Garza

Hernandez

Carlos 437,930.6

5

64,260.00 373,670.65 356,021.11 1,121,011.

95

1,477,033.06

Garza

Hernandez

Gloria 272,666.0

0

26,320.00 246,346.00 234,710.37 739,038.00 973,748.37

Gaviria

Velasquez

Luis

Fernand

o

65,000.00 - 65,000.00 61,929.86 195,000.00 256,929.86

Gomez German

Dario

599,928.0

0

- 599,928.00 571,591.67 1,799,784.

00

2,371,375.67

Gomez Tirso

Javier,

and

Lilian

Cardona

de

Gomez

424,727.0

0

313,667.0

0

111,060.00 105,814.32 333,180.00 438,994.32

Gomez Ulla 151,596.4

7

- 151,596.47 144,436.13 454,789.41 599,225.54

Gomez

Jimenez

Dario 199,902.0

0

96,920.00 102,982.00 98,117.86 308,946.00 407,063.86

Goulart Ideraldo

Luiz

245,000.0

0

- 245,000.00 233,427.95 735,000.00 968,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 84,000.00 110,677.48

Guerrero

Bernal

Francisc

o

20,000.00 - 20,000.00 19,055.34 60,000.00 79,055.34

Gutierrez

Bernal

Alberto 153,000.0

0

- 153,000.00 145,773.37 459,000.00 604,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 38,376.33 50,564.23

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 105,120.00 138,504.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 150,120.00 197,796.47

Hernandez Gustavo 150,000.0

0

- 150,000.00 142,915.07 450,000.00 592,915.07

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 76 of 88

77

Herrera

Forero

Maurici

o

208,000.0

0

122,335.0

0

85,665.00 81,618.80 256,995.00 338,613.80

Inversione

s Paal &

Cia S. En

C.

492,500.0

0

151,570.0

0

340,930.00 324,826.90 1,022,790.

00

1,347,616.90

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 270,000.00 355,749.04

Iraheta Francisc

o

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 72,120.00 95,024.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 105,000.00 138,346.85

Jaramillo Miguel

E.

186,990.0

0

- 186,990.00 178,157.92 560,970.00 739,127.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 44,664.00 58,848.80

Josa

Montero

Dora

Elizabet

h

20,000.00 960 19,040.00 18,140.69 57,120.00 75,260.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 88,500.00 116,606.63

Kapalejay

o Inc.

329,337.5

2

17,960.00 311,377.52 296,670.26 934,132.56 1,230,802.82

Latorre

Estrada

Emilio 180,000.0

0

162,455.0

0

17,545.00 16,716.30 52,635.00 69,351.30

Linares

Porto

Alfonso 564,850.0

0

419,260.0

0

145,590.00 138,713.37 436,770.00 575,483.37

Londono Francisc

o Leon

230,000.0

0

56,920.00 173,080.00 164,904.93 519,240.00 684,144.93

Macias Hernand

o

309,419.4

9

56,920.00 252,499.49 240,573.21 757,498.47 998,071.68

Mantilla

Jacome

Leonard

o

106,000.0

0

- 106,000.00 100,993.32 318,000.00 418,993.32

Melo

Castaneda

Luis

Orlando

158,761.1

1

19,960.00 138,801.11 132,245.13 416,403.33 548,648.46

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 101,996.61 134,389.62

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 60,000.00 79,055.34

Molano

Naffah

Margarit

a Maria

127,180.0

0

102,440.0

0

24,740.00 23,571.46 74,220.00 97,791.46

Montes Javier

and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 210,120.00 276,851.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 30,050.13 39,593.72

Moreno

Jimenez

Miguel

Antonio

159,978.0

0

29,960.00 130,018.00 123,876.88 390,054.00 513,930.88

Moyano

Parra

Jemay

Alcione

183,000.0

0

- 183,000.00 174,356.38 549,000.00 723,356.38

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 77 of 88

78

Munoz

Orozko

Hernan 635,000.0

0

474,280.0

0

160,720.00 153,128.73 482,160.00 635,288.73

Mustafa

Hassan

Hani

Ibrahim

367,160.0

0

241,100.0

0

126,060.00 120,105.82 378,180.00 498,285.82

Naffah de

Molano

Margarit

a, and

Jose

Joaqin

Molano

269,851.5

6

164,900.0

0

104,951.56 99,994.40 314,854.68 414,849.08

Naffah Roberto 516,000.0

0

31,480.00 484,520.00 461,634.73 1,453,560.

00

1,915,194.73

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 60,000.00 79,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 60,645.00 79,905.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 135,000.00 177,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.0

0

69,960.00 80,040.00 76,259.48 240,120.00 316,379.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 216,600.00 285,389.79

Paez

Martinez

Adriana 210,000.0

0

156,920.0

0

53,080.00 50,572.88 159,240.00 209,812.88

Parra Juan

Carlos,

and

Alexand

ra

Torres

114,000.0

0

63,960.00 50,040.00 47,676.47 150,120.00 197,796.47

Parra

Vasquez

Bernard

o

607,000.0

0

408,820.0

0

198,180.00 188,819.39 594,540.00 783,359.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 74,820.00 98,582.01

Pelaez de

Junca

Gloria

Ines,

and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 90,000.00 118,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 150,000.00 197,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guiller

mina

108,300.0

0

7,960.00 100,340.00 95,600.65 301,020.00 396,620.65

Pinzon De

Rubio

Clemen

cia

50,000.00 39,920.00 10,080.00 9,603.89 30,240.00 39,843.89

Pulido De

Lhuillier

Maria

Cristina

230,000.0

0

- 230,000.00 219,136.44 690,000.00 909,136.44

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 78 of 88

79

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 45,240.00 59,607.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 54,496.65 71,804.19

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 28,994.10 38,202.31

Quiroga Nelson 114,941.0

0

48,169.00 66,772.00 63,618.17 200,316.00 263,934.17

Recchi Alberto 1,915,995

.00

298,540.0

0

1,617,455.

00

1,541,057.

95

4,852,365.

00

6,393,422.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 161,202.00 212,397.99

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 140,700.00 185,384.78

Richardso

n Moreno

Ciro

Enrique

274,380.0

0

10,300.00 264,080.00 251,606.74 792,240.00 1,043,846.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 75,384.21 99,325.41

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 90,000.00 118,583.01

Rocha

Jaramillo

Maria

Del

Pilar

90,000.00 - 90,000.00 85,749.04 270,000.00 355,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 62,400.00 82,217.56

Rubio

Pinzon

Juan

Carlos

124,500.0

0

- 124,500.00 118,619.51 373,500.00 492,119.51

Salazar

Mejia

Oscar 347,825.0

0

221,060.0

0

126,765.00 120,777.52 380,295.00 501,072.52

Saldarriag

a Tascon

Juan

Camilo

820,448.0

0

409,840.0

0

410,608.00 391,213.80 1,231,824.

00

1,623,037.80

Santamari

a Hermida

Armand

o

45,000.00 - 45,000.00 42,874.52 135,000.00 177,874.52

Santos

Jimenez

Luis

Dementr

io

50,000.00 - 50,000.00 47,638.36 150,000.00 197,638.36

Sanz

Adrados

Juan

Jose

20,500.00 - 20,500.00 19,531.73 61,500.00 81,031.73

Sepulveda

Lozano

Gonzalo 657,910.5

7

110,000.0

0

547,910.57 522,031.18 1,643,731.

71

2,165,762.89

Silva Edison 149,940.0

0

9,960.00 139,980.00 133,368.34 419,940.00 553,308.34

Sojo

Sanchez

Mario

Rafael

Pancraci

o

91,000.00 - 91,000.00 86,701.81 273,000.00 359,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 165,000.00 217,402.19

Talero De

Valderram

a

Flor

Alba

21,629.87 - 21,629.87 20,608.23 64,889.61 85,497.84

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 79 of 88

80

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 97,995.00 129,117.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.0

0

314,444.0

0

92,633.00 88,257.68 277,899.00 366,156.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 138,360.00 182,301.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 75,000.00 98,819.18

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 121,728.00 160,387.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 133,740.00 176,214.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 120,000.00 158,110.68

Valderram

a Talero

Rene

Fernand

o

201,369.4

4

- 201,369.44 191,858.18 604,108.32 795,966.50

Valderram

a Talero

Gino

Eduardo

114,341.1

7

2,000.00 112,341.17 107,034.97 337,023.51 444,058.48

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 113,567.07 149,634.73

Velasquez

De Isaza

Clara

Ines

40,000.00 - 40,000.00 38,110.68 120,000.00 158,110.68

Yamhure Antoine 178,000.0

0

9,960.00 168,040.00 160,102.99 504,120.00 664,222.99

Zamora

Avila

Daniel

German

1,530,000

.00

1,332,330

.00

197,670.00 188,333.48 593,010.00 781,343.48

Zurek Ricardo 445,000.0

0

245,463.0

0

199,537.00 190,112.29 598,611.00 788,723.29

Total

21,586,431

.87

20,566,842

.59

64,759,295

.61

85,326,138.20

COUNT VIII — NEGLIGENCE

222. Plaintiffs hereby incorporate by reference Paragraphs 1 through 179 as if set forth

fully herein, insofar as they are not inconsistent with the following allegations.

223. Defendants owed Plaintiffs a duty of reasonable care in the investment of their

funds. Defendants marketed themselves as experts in the Forex market, investing in foreign

currency. Defendants solicited funds for investment from Plaintiffs based on their expertise and

promises concerning their investment approach and strategy.

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 80 of 88

81

224. Defendants materially breached their duty by investing in and holding open

investments in foreign currencies in a period of significant decline. Defendants failed to exercise

reasonable and prudent care to prevent and/or minimize any losses. In addition, Defendants failed

to use reasonable methods to prevent losses in the investments.

225. As a direct and proximate cause of Defendant’s conduct, Plaintiffs suffered

damages in the following amounts:

Last Name

/ Company

Name

First Name Amounts

Deposited

(USD$)

Amounts

Withdrawn

(USD$)

Actual

Damages

(USD$)

9%

Prejudgment

Interest

(Calculated

from Feb 28,

2009) (USD$)

Actual

Damages

Including

Prejudgment

Interest

(USD$)

Acero

Torres

Raphael 130,000.00 - 130,000.00 123,859.73 253,859.73

Agray

Cortes

Francisco

Jose

221,427.27 129,800.00 91,627.27 87,299.45 178,926.72

Amaya

Martinez

Maria

Fernanda

343,000.00 40,720.00 302,280.00 288,002.45 590,282.45

Angel de

Salazar

Beatriz 27,825.00 - 27,825.00 26,510.75 54,335.75

Angulo

Carmona

Raul

Eduardo

42,000.00 - 42,000.00 40,016.22 82,016.22

Arango

Echeverry

Julio 729,800.00 364,700.00 365,100.00 347,855.28 712,955.28

Arango

Restrepo

Isabel

Cristina

138,181.00 - 138,181.00 131,654.31 269,835.31

Arango

Saldarriag

a

Sergio 21,000.00 - 21,000.00 20,008.11 41,008.11

Bacca

Moreno

Henry

Hernan

135,100.00 96,480.00 38,620.00 36,795.87 75,415.87

Bayta

Ltda.

1,504,967.

35

126,900.00 1,378,067.35 1,312,977.26 2,691,044.61

Bel Air

Trading

Ltd.

50,000.00 - 50,000.00 47,638.36 97,638.36

Beltran

Martinez

Victor

Rafael

85,000.00 - 85,000.00 80,985.21 165,985.21

Benedetti

Ganda

Elsa, and

Eduardo

Zuluaga

1,269,375.

00

1,179,750.

00

89,625.00 85,391.75 175,016.75

Betancour

t Gomez

Jose

Edgar

320,000.00 - 320,000.00 304,885.48 624,885.48

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 81 of 88

82

Blumenth

al

Hans

Robert

204,443.34 79,920.00 124,523.34 118,641.74 243,165.08

Boada Arturo 171,482.00 - 171,482.00 163,382.41 334,864.41

Bocanegra

Rosillo

Richar

Jose

56,862.40 - 56,862.40 54,176.63 111,039.03

Boo Milagros 40,000.00 - 40,000.00 38,110.68 78,110.68

Cabra

Monroy

Jose

Camilo

260,000.00 32,250.00 227,750.00 216,992.71 444,742.71

Cadena

Urrea

William 30,000.00 - 30,000.00 28,583.01 58,583.01

Camacho

de Duran

Beatriz 66,000.00 - 66,000.00 62,882.63 128,882.63

Cardona

Mendez

Luis

Fernando

100,000.00 9,960.00 90,040.00 85,787.15 175,827.15

Castaneda

Borrero

Jaime 601,797.90 491,976.31 109,821.59 104,634.40 214,455.99

Cedeno Julio

Cesar

25,000.00 2,960.00 22,040.00 20,998.99 43,038.99

Cgc Ltda.

Inc

6,785,132.

26

3,853,517.

89

2,931,614.37 2,793,145.79 5,724,760.16

Chamorro

Casanova

Raul

Marcial,

and Sara

Maria

Aguirre de

Chamorro

700,000.00 314,800.00 385,200.00 367,005.90 752,205.90

Cooper

Gay

Surameric

a Ltda

1,075,000.

00

762,260.00 312,740.00 297,968.39 610,708.39

Correa Jose

Gustavo

115,000.00 92,980.00 22,020.00 20,979.93 42,999.93

Cranbrook

Holdings

Ltd

330,000.00 - 330,000.00 314,413.15 644,413.15

Cruz

Villamil

Rafael

Maria

60,000.00 - 60,000.00 57,166.03 117,166.03

Delbouis

Fuchs

Jorge

Alfredo

50,000.00 11,175.00 38,825.00 36,991.18 75,816.18

Delbouis

Molina

Alfredo

Leon

700,000.00 - 700,000.00 666,936.99 1,366,936.99

Delgado

Castano

Luis

Fernando

210,509.00 - 210,509.00 200,566.05 411,075.05

Diaz

Perdomo

Jairo

Alberto

18,720.00 - 18,720.00 17,835.80 36,555.80

Dimaté

Castellano

s

Mónica

Sofia

80,000.00 - 80,000.00 76,221.37 156,221.37

Duran

Camacho

Leonor 100,000.00 - 100,000.00 95,276.71 195,276.71

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 82 of 88

83

Duran

Camacho

Maria

Cristina

Luisa

Elena

100,000.00 - 100,000.00 95,276.71 195,276.71

Fernandez Maria

Lucia

225,400.00 79,460.00 145,940.00 139,046.83 284,986.83

Fernandez

Ospina

Alexandra

, and

Hernando

Emiliani

Rivera

76,000.00 - 76,000.00 72,410.30 148,410.30

Fleing De

diaz

Rosa

Stella

49,980.00 - 49,980.00 47,619.30 97,599.30

Galindo Andres

Fabian

70,000.00 - 70,000.00 66,693.70 136,693.70

Galvis

Gamboa

Enrique

Alfonso

138,000.00 49,960.00 88,040.00 83,881.62 171,921.62

Garcia

Chavarria

Juan 32,357.00 - 32,357.00 30,828.69 63,185.69

Garza

Hernandez

Carlos 437,930.65 64,260.00 373,670.65 356,021.11 729,691.76

Garza

Hernandez

Gloria 272,666.00 26,320.00 246,346.00 234,710.37 481,056.37

Gaviria

Velasquez

Luis

Fernando

65,000.00 - 65,000.00 61,929.86 126,929.86

Gomez German

Dario

599,928.00 - 599,928.00 571,591.67 1,171,519.67

Gomez Tirso

Javier, and

Lilian

Cardona

de Gomez

424,727.00 313,667.00 111,060.00 105,814.32 216,874.32

Gomez Ulla 151,596.47 - 151,596.47 144,436.13 296,032.60

Gomez

Jimenez

Dario 199,902.00 96,920.00 102,982.00 98,117.86 201,099.86

Goulart Ideraldo

Luiz

245,000.00 - 245,000.00 233,427.95 478,427.95

Guerra

Martinez

Andres 28,000.00 - 28,000.00 26,677.48 54,677.48

Guerrero

Bernal

Francisco 20,000.00 - 20,000.00 19,055.34 39,055.34

Gutierrez

Bernal

Alberto 153,000.00 - 153,000.00 145,773.37 298,773.37

Guzman

Duarte

Hernan

Dario

96,255.84 83,463.73 12,792.11 12,187.90 24,980.01

Hernandez Andres

Adolfo

60,000.00 24,960.00 35,040.00 33,384.96 68,424.96

Hernandez Cesar

Augusto

70,000.00 19,960.00 50,040.00 47,676.47 97,716.47

Hernandez Gustavo 150,000.00 - 150,000.00 142,915.07 292,915.07

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 83 of 88

84

Herrera

Forero

Mauricio 208,000.00 122,335.00 85,665.00 81,618.80 167,283.80

Inversione

s Paal &

Cia S. En

C.

492,500.00 151,570.00 340,930.00 324,826.90 665,756.90

Iraheta Jaime

Alberto

90,000.00 - 90,000.00 85,749.04 175,749.04

Iraheta Francisco

Antonio

30,000.00 5,960.00 24,040.00 22,904.52 46,944.52

Iraheta Saira

Carolina

35,000.00 - 35,000.00 33,346.85 68,346.85

Jaramillo Miguel E. 186,990.00 - 186,990.00 178,157.92 365,147.92

Jimenez

Diaz

Adriana

Maria

19,848.00 4,960.00 14,888.00 14,184.80 29,072.80

Josa

Montero

Dora

Elizabeth

20,000.00 960 19,040.00 18,140.69 37,180.69

Junca

Pelaez

Javier

Octavio

29,500.00 - 29,500.00 28,106.63 57,606.63

Kapalejay

o Inc.

329,337.52 17,960.00 311,377.52 296,670.26 608,047.78

Latorre

Estrada

Emilio 180,000.00 162,455.00 17,545.00 16,716.30 34,261.30

Linares

Porto

Alfonso 564,850.00 419,260.00 145,590.00 138,713.37 284,303.37

Londono Francisco

Leon

230,000.00 56,920.00 173,080.00 164,904.93 337,984.93

Macias Hernando 309,419.49 56,920.00 252,499.49 240,573.21 493,072.70

Mantilla

Jacome

Leonardo 106,000.00 - 106,000.00 100,993.32 206,993.32

Melo

Castaneda

Luis

Orlando

158,761.11 19,960.00 138,801.11 132,245.13 271,046.24

Mendoza

Pereyra

Catalina

Maria

33,998.87 - 33,998.87 32,393.01 66,391.88

Molano Luz

Myriam

20,000.00 - 20,000.00 19,055.34 39,055.34

Molano

Naffah

Margarita

Maria

127,180.00 102,440.00 24,740.00 23,571.46 48,311.46

Montes Javier and

Isabel

80,000.00 9,960.00 70,040.00 66,731.81 136,771.81

Mora

Castro

Janette

Alcira

26,376.71 16,360.00 10,016.71 9,543.59 19,560.30

Moreno

Jimenez

Miguel

Antonio

159,978.00 29,960.00 130,018.00 123,876.88 253,894.88

Moyano

Parra

Jemay

Alcione

183,000.00 - 183,000.00 174,356.38 357,356.38

Munoz

Orozko

Hernan 635,000.00 474,280.00 160,720.00 153,128.73 313,848.73

Mustafa

Hassan

Hani

Ibrahim

367,160.00 241,100.00 126,060.00 120,105.82 246,165.82

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 84 of 88

85

Naffah de

Molano

Margarita,

and Jose

Joaqin

Molano

269,851.56 164,900.00 104,951.56 99,994.40 204,945.96

Naffah Roberto 516,000.00 31,480.00 484,520.00 461,634.73 946,154.73

Nunez

Tovar

Quenia 20,000.00 - 20,000.00 19,055.34 39,055.34

Ortiz

Torres

Martha

Cecilia

27,675.00 7,460.00 20,215.00 19,260.19 39,475.19

Ospina

Otalora

Carlos

Alberto

45,000.00 - 45,000.00 42,874.52 87,874.52

Ospina

Reyes

Carlos

Eduardo

150,000.00 69,960.00 80,040.00 76,259.48 156,299.48

Ostos

Lopez

Jorge

Nelson

77,500.00 5,300.00 72,200.00 68,789.79 140,989.79

Paez

Martinez

Adriana 210,000.00 156,920.00 53,080.00 50,572.88 103,652.88

Parra Juan

Carlos,

and

Alexandra

Torres

114,000.00 63,960.00 50,040.00 47,676.47 97,716.47

Parra

Vasquez

Bernardo 607,000.00 408,820.00 198,180.00 188,819.39 386,999.39

Patino

Franco

Lucy

Amparo

35,000.00 10,060.00 24,940.00 23,762.01 48,702.01

Pelaez de

Junca

Gloria

Ines, and

Augusto

Octavio

Junca

Laverde

30,000.00 - 30,000.00 28,583.01 58,583.01

Penaranda

Sanjuan

Augusto 50,000.00 - 50,000.00 47,638.36 97,638.36

Pinzon De

Naranjo

Clara

Stella

Carmen

Guillermi

na

108,300.00 7,960.00 100,340.00 95,600.65 195,940.65

Pinzon De

Rubio

Clemencia 50,000.00 39,920.00 10,080.00 9,603.89 19,683.89

Pulido De

Lhuillier

Maria

Cristina

230,000.00 - 230,000.00 219,136.44 449,136.44

Quintero

Rodriguez

Estrella 20,000.00 4,920.00 15,080.00 14,367.73 29,447.73

Quintero

Rodriguez

Jose

Ignacio

91,434.55 73,269.00 18,165.55 17,307.54 35,473.09

Quintero

Rozo

Jose

Ignacio

9,664.70 - 9,664.70 9,208.21 18,872.91

Quiroga Nelson 114,941.00 48,169.00 66,772.00 63,618.17 130,390.17

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 85 of 88

86

Recchi Alberto 1,915,995.

00

298,540.00 1,617,455.00 1,541,057.95 3,158,512.95

Restrepo

Saldarriag

a

Nicolas 58,694.00 4,960.00 53,734.00 51,195.99 104,929.99

Restrepo

Trujillo

Eduardo 95,500.00 48,600.00 46,900.00 44,684.78 91,584.78

Richardso

n Moreno

Ciro

Enrique

274,380.00 10,300.00 264,080.00 251,606.74 515,686.74

Rincon Victor 46,088.07 20,960.00 25,128.07 23,941.20 49,069.27

Rocha De

Aragon

Amparo 30,000.00 - 30,000.00 28,583.01 58,583.01

Rocha

Jaramillo

Maria Del

Pilar

90,000.00 - 90,000.00 85,749.04 175,749.04

Rubio

Chavez

Blanca 27,500.00 6,700.00 20,800.00 19,817.56 40,617.56

Rubio

Pinzon

Juan

Carlos

124,500.00 - 124,500.00 118,619.51 243,119.51

Salazar

Mejia

Oscar 347,825.00 221,060.00 126,765.00 120,777.52 247,542.52

Saldarriag

a Tascon

Juan

Camilo

820,448.00 409,840.00 410,608.00 391,213.80 801,821.80

Santamari

a Hermida

Armando 45,000.00 - 45,000.00 42,874.52 87,874.52

Santos

Jimenez

Luis

Dementrio

50,000.00 - 50,000.00 47,638.36 97,638.36

Sanz

Adrados

Juan Jose 20,500.00 - 20,500.00 19,531.73 40,031.73

Sepulveda

Lozano

Gonzalo 657,910.57 110,000.00 547,910.57 522,031.18 1,069,941.75

Silva Edison 149,940.00 9,960.00 139,980.00 133,368.34 273,348.34

Sojo

Sanchez

Mario

Rafael

Pancracio

91,000.00 - 91,000.00 86,701.81 177,701.81

Steffen Elaine

Mary

55,000.00 - 55,000.00 52,402.19 107,402.19

Talero De

Valderram

a

Flor Alba 21,629.87 - 21,629.87 20,608.23 42,238.10

Tamayo

Nino

Ricardo

Andres

34,665.00 2,000.00 32,665.00 31,122.14 63,787.14

Torres

Acevedo

Martha

Susana,

and

Hernan

Jimenez

407,077.00 314,444.00 92,633.00 88,257.68 180,890.68

Torres

Lopez

Jairo

Alfonso

70,000.00 23,880.00 46,120.00 43,941.62 90,061.62

Tovar Erica

Barbra

25,000.00 - 25,000.00 23,819.18 48,819.18

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 86 of 88

87

Trujillo

Henao

Alvaro 47,000.00 6,424.00 40,576.00 38,659.48 79,235.48

Urdaneta

Gutierrez

Martha

Eugenia

50,000.00 5,420.00 44,580.00 42,474.36 87,054.36

Valderram

a

Mariela 40,000.00 - 40,000.00 38,110.68 78,110.68

Valderram

a Talero

Rene

Fernando

201,369.44 - 201,369.44 191,858.18 393,227.62

Valderram

a Talero

Gino

Eduardo

114,341.17 2,000.00 112,341.17 107,034.97 219,376.14

Vargas

Reyes

Daniel

Ricardo

37,855.69 - 37,855.69 36,067.66 73,923.35

Velasquez

De Isaza

Clara Ines 40,000.00 - 40,000.00 38,110.68 78,110.68

Yamhure Antoine 178,000.00 9,960.00 168,040.00 160,102.99 328,142.99

Zamora

Avila

Daniel

German

1,530,000.

00

1,332,330.

00

197,670.00 188,333.48 386,003.48

Zurek Ricardo 445,000.00 245,463.00 199,537.00 190,112.29 389,649.29

Total

21,586,431.87 20,566,842.59 42,153,274.46

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 87 of 88

88

PRAYER FOR RELIEF

WHERFORE, Plaintiffs pray that judgment be entered in their favor as follows:

a) In Counts One, Two, Three, Four, Five, Six, and Eight, awarding

$42,153,274.46 (calculated including pre-judgment interest through

September 30, 2019);

b) In Count Seven, awarding $85,326,138.20 (calculated including treble

damages on the actual damages (not including interest), plus pre-

judgment interest through September 30, 2019 on actual, non-trebled

damages);

c) Awarding Plaintiffs reasonable attorneys’ fees, expenses, and costs incurred

in connection with the institution and prosecution of this action; and

d) Such other and further relief that this Honorable Court deems just and

proper.

Date: October 9, 2019 Respectfully submitted,

Charles H. Camp (DC Bar No. 413575)

Pro Hac Vice Application To Be Submitted

Law Offices of Charles H. Camp, P.C.

1055 Thomas Jefferson Street, N.W., Suite L25

Washington, D.C. 20007

Tel: 202.457.7786

Fax: 202.457.7788

ccamp@charlescamplaw.com

-and-

/s/ Edward L Powers

Edward L. Powers

Zukerman Gore Brandeis

& Crossman, LLP

Eleven Times Square

New York, New York 10036

(212) 223-6700

epowers@zukermangore.com

Counsel for Plaintiffs

Case 1:19-cv-09357 Document 1 Filed 10/10/19 Page 88 of 88