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CFTC Unable To Locate Man Behind Cryptocurrency Ponzi Scheme Worth Over $140 Million
Summary: The United States Commodity Futures Trading Commission (CFTC), has been unable to locate Benjamin Reynolds, the person allegedly behind a cryptocurrency Ponzi scheme worth over $140 million. According to a report from FinanceFeeds, the CFTC filed a motion New York Southern District Court on Jan. 6. The regulator filed for the service of process on ...
The United States Commodity Futures Trading Commission (CFTC), has been unable to locate Benjamin Reynolds, the person allegedly behind a cryptocurrency Ponzi scheme worth over $140 million.
According to a report from FinanceFeeds, the CFTC filed a motion New York Southern District Court on Jan. 6. The regulator filed for the service of process on Reynolds by publication on The Daily Telegraph and an additional sixty days added to the time limit by which the service must be effected on him and his firm.
The regulator has reportedly tried to serve Reynolds at the address listed as his “service address” in the incorporation papers of Control Finance, the firm that managed the scheme. When the server arrived at the address it turned out that it did not exist
By Janelle Fox
Tags: CFTC,Cryptocurrency,Hacker,Ponzi Scheme
Link: CFTC Unable To Locate Man Behind Cryptocurrency Ponzi Scheme Worth Over $140 Million [Copy]
