August 21, 2020
The U.S. Commodity Futures Trading Commission is seeking a default judgment against apparent U.K. resident Benjamin Reynolds that would put him on the hook for $572 million after the agency alleged he stole 22,858 bitcoins in a Ponzi scheme-like fraud and failed to appear in the case.
June 17, 2019
A U.K.-based company that claimed to provide customers with guaranteed profits through cryptocurrency trading stole over 22,858 bitcoins in a Ponzi scheme-like fraud worth more than $147 million, the Commodities Futures Trading Commission alleged in a complaint filed Monday.