CFTC Orders Crooked Bitcoin Trader To Pay $571 Million Penalty
The United States Commodity Futures Trading Commission (CFTC) has directed deceitful Bitcoin Trader Benjamin Reynolds to pay up $572 million in penalty and restitution for the crime he committed in 2017. While the bulk of the penalty is a $429 Million Fine, he will pay an additional $142 million as restitution to victims. Duping Investors Of More than 20,000 Bitcoin Reynolds was alleged to have solicited more than 20,000 BTC from his victims between May and October 2017. This was valued at about $143 million at the time. According to a statement released by CFTC, Reynolds set up a fake…