Tagged: control finance

CFTC: US District Court Orders UK Man to Pay $571 Million for Bitcoin Related Fraud

March 26, 2021 @ 9:35 pm By JD Alois |

The Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Southern District of New York entered a default judgment against Benjamin Reynolds, of Manchester, England. According to the judgment, Reynolds operated a fraudulent scheme to solicit Bitcoin from members of… Read More

CFTC Files Enforcement Action Against UK Bitcoin Trading Firm Control Finance and Principle Benjamin Reynolds for $147 Million Fraud

June 18, 2019 @ 1:37 pm By JD Alois |

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against UK based defendants Control-Finance Limited, a Bitcoin trading and investment company, and principal, Benjamin Reynolds. According to the CFTC, the defendants are charged with “exploiting public enthusiasm for Bitcoin by fraudulently obtaining… Read More