CFTC Hunts Down Multi-Million Dollar Crypto-Ponzi Scammer
The U.S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds, for a $147,000 Ponzi scheme involving Bitcoin. Regulators have so far failed to locate the defendants.
CFTC: Defendants Exploited Public Enthusiasm for Bitcoin
Regulators allege that the defendants’ illegal trading…