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.
