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.

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