US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million17.37

A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” the derivatives regulator detailed.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Original source
https://news.bitcoin.com/us-federal-court-fines-bitcoin-ponzi/

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