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Commodity Futures Trading Commission Charges "Coin Signals" With Fraud
Summary: The Commodity Futures Trading Commission has announced civil fraud charges against Jeremy Spence, also known as "Coin Signals" for his investment scheme, which allegedly stole over $5 million worth of Bitcoin (BTC) from investors based on false or misleading statements, as reported by Cointelegraph. The Department of Justice arrested Spence earlier today on charges of wire fraud and commodities fraud ...
The Commodity Futures Trading Commission has announced civil fraud charges against Jeremy Spence, also known as "Coin Signals" for his investment scheme, which allegedly stole over $5 million worth of Bitcoin (BTC) from investors based on false or misleading statements, as reported by Cointelegraph.
The Department of Justice arrested Spence earlier today on charges of wire fraud and commodities fraud that have maximum sentences of up to 30 years combined. The CFTC's civil complaint looks to return Spence's allegedly ill-gotten gains back to investors and to bar Spence from trading in commodity interest writ large.
By Emily Mason
Tags: CFTC,Crypto Fraud
Link: Commodity Futures Trading Commission Charges "Coin Signals" With Fraud [Copy]
