CFTC charges 2 men with running a $44M crypto ponzi scheme


The Commodity Futures Trading Commission (CFTC) charged two US residents for running a crypto Ponzi scheme that allegedly defrauded investors of $44 million.

The alleged people and their several corporate entities worked together to convince their victims to invest in a so-called income fund invested in digital assets through a website and YouTube videos.

The defendants have also been charged with operating an illegal commodity pool and failing to register as a Commodity Pool Operator with the CFTC.

Next articleUttar Pradesh to set up hi-tech nurseries to support horticulture
Steve Taylor
Steve Taylor, a versatile and talented writer who specializes in crafting engaging articles on a wide range of topics. With a passion for writing and an unwavering commitment to quality, Steve has established himself as a trusted voice in the world of blogging. Whether he is writing about the latest trends in technology, sharing his personal experiences, or offering his unique perspectives on current events, Steve always brings a fresh and insightful perspective to the table. With a keen eye for detail and a talent for capturing the essence of a story, Steve has become known for his engaging and thought-provoking writing style. So if you're looking for a knowledgeable and talented blog writer, look no further than Steve Taylor.


Please enter your comment!
Please enter your name here