September 07, 2023
A Texas federal judge has signed off on a $1.7 billion deal between the Commodity Futures Trading Commission and Mirror Trading International Pty. Ltd. — the company of a South African citizen accused by the agency in April of operating a multilevel marketing scheme to sell fraudulent investments in bitcoin throughout the U.S.
April 27, 2023
The Commodity Futures Trading Commission on Thursday said it secured a default win against a South African citizen it had accused of operating a multilevel marketing scheme to sell fraudulent investments in bitcoin throughout the U.S., with a Texas federal judge ordering him to pay more than $3.4 billion in restitution and civil penalties.
June 30, 2022
The Commodity Futures Trading Commission filed suit Thursday against a South African citizen and his company for allegedly operating a multilevel marketing scheme to sell fraudulent investments in bitcoin throughout the U.S.