January 07, 2021
The U.S. Commodity Futures Trading Commission asked a Manhattan federal judge to enter a final judgment by default of more than $100 million against a purported cryptocurrency trader and his two companies in connection with allegations he talked more than 150 investors into handing over at least $33 million for trading, then embezzled more than $25 million of the funds.
February 11, 2020
Ohio resident Michael Ackerman was indicted in the Southern District of New York on Tuesday for allegedly masterminding a scheme in which he raised more than $33 million from more than 150 investors by promoting a cryptocurrency trading algorithm he said would generate "extraordinary profits."