CFTC Seeks $572 Million in Penalty and Restitution From the Owner of ‘Fraudulent’ Bitcoin Scheme Control-Finance: Author – CFR August 23, 2020 CFR Company News 0 Reported By: CryptoFundReport.com TheBlock – The U.S. Commodity Futures Trading Commission (CFTC) is reportedly seeking $572 million in penalty and restitution from the owner of “fraudulent” bitcoin trading scheme Control-Finance. Per the judgment, Control-Finance owner and sole director Benjamin Reynolds will have to pay $429 million in penalty and $143 million in restitution, as he failed to appear or answer the CFTC’s complaint originally launched in June 2019. Read More
TheBlock – The U.S. Commodity Futures Trading Commission (CFTC) is reportedly seeking $572 million in penalty and restitution from the owner of “fraudulent” bitcoin trading scheme Control-Finance. Per the judgment, Control-Finance owner and sole director Benjamin Reynolds will have to pay $429 million in penalty and $143 million in restitution, as he failed to appear or answer the CFTC’s complaint originally launched in June 2019.
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