According to Odaily Planet Daily, Adam Todd, founder and former CEO of Digitex Futures Exchange, pleaded guilty in a U.S. federal court for failing to establish an anti-money laundering program at the company. The U.S. Attorney's Office for the Southern District of Florida said in a statement released on May 7 that Todd admitted to "intentionally causing" Digitex to violate the Bank Secrecy Act. U.S. authorities indicted Adam Todd in February. According to the indictment, Todd operated an unregistered futures platform for U.S. customers between 2018 and 2022 and failed to implement and maintain AML and KYC programs.
