The applicant sought repayment of funds allegedly held in a foreign exchange trading account maintained with the respondent trading platform.
The respondent claimed the account had a negative balance due to improper trading practices and alleged retroactive losses arising from trades purportedly closed by a liquidity provider more than a month after the original transactions.
After reviewing account records, journal logs, and expert evidence, the court found the disputed trades were not the result of improper trading and that the alleged later closings did not occur.
The court concluded the respondent manipulated records to fabricate losses and retroactively adjust the account balance.
The applicant was awarded damages equal to the account balance shown in the earlier statement, an unpaid contractual bonus, and punitive damages.
