Operator of Bitcoin, Binary Options Scam Slammed with $1.9 Million Penalty

[kreslik.news]

The US Commodity Futures Trading Commission on Tuesday announced a final judgement order issued by a New York federal court to settle fraud charges against a commodities pool operator who was charged with operating a ‎fraudulent scheme.

The CFTC has accused a Colorado businessman and his UK-registered company of violating trading regulations and defrauding at least 600 customers of more than $1.1 million.

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The order requires defendants to pay to pay over $1.9 million in civil monetary penalties and restitution.

The detailed complaint alleges that the fraud scheme has been going on since at ... (read more)