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CFTC Lands Record $3.4B Judgment In Bitcoin Fraud Case

By Katryna Perera (April 27, 2023, 10:37 PM EDT) -- 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. ...

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