The Commodity Futures Trading Commission (CFTC) has confirmed that it is unable to ascertain the current address or whereabouts of Jase Davis, an individual behind fraudulent Forex scheme ROFX.
Although the regulator has marked some progress in its action against the fraudulent scheme, it is apparently having trouble locating Davis.
According to a document filed with the Florida Southern District Court, the CFTC has repeatedly attempted to personally serve Davis at his last-known residence, his parents’ residences, and his parents’ business. The CFTC says it is unable to ascertain his current address or whereabouts despite these extensive efforts including attempting to obtain information from his parents and contacting his parents’ attorney.
The CFTC requests leave of the Court to serve Davis via publication in The Commercial Dispatch, a newspaper of general circulation in Lowndes County, Mississippi, and in The Daily Business Review, a newspaper of general circulation in Miami-Dade County. Alternate service is necessary because Davis’s location is unknown to the CFTC and the process server, and it appears that Davis is a transient individual who may be evading traditional service.
Upon information and belief, Jase Davis, born in Ukraine, resides in Brandon, Mississippi. Davis purchased Easy Com from Anna Shymko in November 2020. He represents himself as the sole member of Easy Com and is the sole signatory on two Easy Com bank accounts at Bank of America and JP Morgan Chase, into which he accepted over $15 million in ROFX customer funds during the Relevant Period. Davis has never been registered with the CFTC in any capacity.
Defendant Easy Com LLC d/b/a ROFX is a New Hampshire limited liability company whose principal office address is 155 Fleet Street, Portsmouth, New Hampshire, 03801. Easy Com is an entity which accepted over $15 million in ROFX customer funds during the Relevant Period. Shymko and Davis are, or were, owners and members of Easy Com.
Let’s recall that, in this case, the CFTC alleges that from at least January 2018 through September 2021, Jase Davis, Borys Konovalenko, Anna Shymko, Alla Skala, and Timothy Stubbs, individually and as the controlling persons of the interrelated companies Notus LLC d/b/a ROFX, Easy Com LLC d/b/a ROFX, Global E-Advantages LLC a/k/a Kickmagic LLC d/b/a ROFX, Grovee LLC d/b/a ROFX, and Shopostar LLC d/b/a ROFX, acting through, and/or in conjunction with, the web-based entity ROFX.net, acting as a common enterprise, misappropriated at least $58 million as part of a fraudulent scheme in, and/or in connection with, the offering of leveraged, margined or financed agreements, contracts, or transactions in retail Forex to U.S. and international customers who were not eligible contracts participants (ECPs).
The CFTC seeks civil monetary penalties for each violation of the Act and Regulations, and remedial ancillary relief, including, but not limited to, disgorgement, pre- and post-judgment interest.