Scheme

CFTC Accuses Ohio Man of Running $12M Bitcoin Ponzi Scheme

In addition to ordering Giri to cease all activities related to the fraud, the CFTC wants him to disgorge or give up any monetary benefits “directly or indirectly” attached to the violation of regulations, including and not limited to salaries, commissions, loans, fees, revenues, and any trading profits. Source link

SEC charges 11 individuals over $300M crypto ‘pyramid scheme’

The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage.  The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent …

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