An estimated 600+ traders in the community are facing claw back demand letters in the FTT Bankruptcy case. The Trustee is demaning all payments ever made to anyone by FTT be RETURNED to him and the court. This is a sincere hardship for many in the community who spent these funds received over a year ago.

We are trying to raise $100K to retain White & Williams to fight this case. Particularly we are fighting the Trustee’s determination that the prop is a Ponzi.

We are asking the community to support this effort. I am personally going to donate $10K towards the $100K needed to fight (litigate) the ponzi determination in this case for the community. Donating will not guarantee you will not be impacted by clawbacks (go fund me required this to be stated here).

If you are able to contribute you are greatly appreciate and any amount helps. If you cannot donate, sharing this page is just as important.

What is happening.

The Bankruptcy court is coming after FTT Victims here for payouts that were earned over a year ago and they have labeled prop firms a Ponzi in order to do this on a larger scale.

FTT was forced into bankruptcy and when that happened a Trustee was appointed by the court to “claw back” payments made by FTT. The premise is they would collect all monies paid out to redistribute the funds to the creditors. The lawyers charged with doing this get to keep 30% of what they collect and expenses. Little is likely to get to any creditors. These lawyers will be very aggressive in pursuing and collecting on Judgments in this case so they can collect their cut.

The TRUSTEE in this case has determined that the prop firm is a ponzi which allows them to go back and collect any payment ever made by FTT.

If you were a trader or affiliate and you have gotten a payout from FTT:

You should expect you will be getting a claw back demand letter from the bankruptcy Trustee. If you have a clawback and want to join the group to get represented please fill out this form here: Join the White & Williams Trader Group

Note: It doesn’t matter if you were still owed money you didn’t receive. They will be coming to collect anything that has been paid to you.

If we are sucessful in this fight it will limit the lookback window to payouts from only 9/24-12/24. Traders who were paid in that window will gain the ability to use defenses they cannot now use due to the Ponzi designation.

If you have a clawback and want to join the group to get represented please fill out this form here: https://forms.gle/udDgsRwYMfWU1gkC9

Thank you to everyone who helps in this effort. All proceeds will go directly from Go Fund Me to to White & Williams LLP. There will be no refunds if the case is not successful (also required to be stated by go fund me). You can reach out to the legal tam directly if you have a claw back demand and want to join the group or with any questions:

Jeremiah J. Vandermark | Counsel

810 Seventh Avenue, Suite 500 | New York, NY 10019

[email redacted] | whiteandwilliams.com

Thank you!!