U.S. CFTC charges South African company with record $1.7 bln bitcoin fraud
Written by Black Hot Fire Network on July 1, 2022
WASHINGTON, June 30 (Reuters) - The U.S. commodities regulator announced on Thursday it had filed civil charges against a South African man and his company for operating a fradulent commodity pool worth over $1.7 billion in bitcoin.
The Commodity Futures Trading Commission (CFTC) said the fraud scheme, which saw the firm solicit bitcoin online from thousands of people to purportedly operate a commodity pool, was the largest it . . .
