Jas Mathur Sues Travis Bott for Alleged Role in Traders Domain Ponzi Scheme Fraud

In a significant legal battle, entrepreneur Jas Mathur has filed a lawsuit against Travis Bott and his brother Richard Jason Bott, accusing them of orchestrating a Ponzi scheme that led to the collapse of the Traders Domain platform. Mathur claims he was defrauded out of $1 million after being lured into a high-return investment scheme by Travis Bott.

The lawsuit, filed by Mathur’s shell company, EM1 Capital LLC, in October 2023, reveals that Mathur invested $1 million in a venture promoted by Bott, which promised an 18% monthly return over 13 months. The investment was funneled through DWHTD Technology PTE LTD, a Singapore-based shell company, with funds wired to Alliance Management Services LLP, a Utah company owned by the Bott brothers.

The Traders Domain, operated by Frederick “Ted” Safranko, had collapsed months prior to Bott’s solicitation of Mathur, making the entire investment fraudulent from the start. Safranko has since gone into hiding, and the CFTC secured a $3.8 million judgment against him in 2023, with the broader Ponzi scheme losses estimated at over $370 million.

Despite Bott’s reassurances, Mathur’s expected returns never materialized. When he requested payment in February 2023, Bott claimed there were issues with the investment and offered Mathur either a partial refund or further delays. The situation escalated during a heated confrontation in Los Angeles, where Bott allegedly threatened Mathur with a firearm, refusing to return the funds.

The lawsuit accuses the Bott brothers and their shell companies of fraud, breach of contract, and money laundering. Mathur seeks restitution of his $1 million investment, which he argues was swindled through a deceptive scheme orchestrated by the Bott family.

The case highlights the broader collapse of the Traders Domain Ponzi scheme, which has cost investors an estimated $3.3 billion worldwide, with regulatory action and law enforcement investigations ongoing.