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Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi


A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to...

CFTC Unearths $11M Cryptocurrency Scam, Files Charges


The Commodity Futures Trading Commission (CFTC) of the United States, has declared to file a civil prosecution action against Nevada headquartered Circle Society. CFTC announced yesterday that it was indicting Circle Society and its owner, David Gilbert Saffron, on account of “fraudulent...

Where US Regulators Stand on Crypto Assets


The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read:...

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