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Home›Crypto›Regulation›CFTC charges Florida man tied to $397 million crypto P…

CFTC charges Florida man tied to $397 million crypto Ponzi scheme

The CFTC said the alleged scheme involved customers' funds, including $48 million that were misappropriated.

Reported · Written up by our desk · Regulation

The Block reports that the U.S. Commodity Futures Trading Commission has filed fresh charges against a Florida man tied to what the agency describes as a large crypto Ponzi scheme.

According to The Block, the CFTC alleges the defendant misappropriated $48 million of customers' money in connection with the scheme.

The Block notes the case centers on allegations connected to $397 million in the overall scheme.

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Sources

The BlockFlorida man charged by CFTC over $397 million crypto Ponzi scheme

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