Federal Court Permanently Enjoins NC Forex Fraudsters, Orders $5.3M Restitution and Penalties

Thu, 16 Apr 2026 22:44:36 +0000
Securities

A federal court in the Western District of North Carolina issued summary judgment and a permanent injunction against Storm Bryant, Elijah Bryant III, and three North Carolina LLCs for operating a fraudulent forex scheme. The court banned the defendants from CFTC-regulated markets and registration, and ordered joint payment of $1.3 million in restitution to 233 victims and $3.9 million in civil monetary penalties. The defendants misappropriated over $1.9 million in client funds received between March 2018 and September 2021 while operating as unregistered commodity trading advisors.