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CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft
Summary: A Ponzi scammer is being sued by the U.S. Commodity Futures Trading Commission because his company allegedly raised more than half a million dollars from 72 victims, reports CoinVedi. The funds were used for a purchase of a BMW and personal funds instead of investing in currency contracts. Clark, the alleged scammer, is being charged ...
A Ponzi scammer is being sued by the U.S. Commodity Futures Trading Commission because his company allegedly raised more than half a million dollars from 72 victims, reports CoinVedi.
The funds were used for a purchase of a BMW and personal funds instead of investing in currency contracts. Clark, the alleged scammer, is being charged with "fraud by commodity pool operator and commodity trading advisor, fraud by deceptive device, failure to register as a commodity pool operator and failure to register as a commodity trading advisor." Clark did not return the raised funds through the alleged scheme.
By Claudia Rivera
Tags: Court,deception,Fraud,Ponzi Scheme
Link: CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft [Copy]
