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CFTC roundup: the largest bitcoin fraud scheme and highest civil monetary penalty action

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Martina Lindberg

3 min read

This week’s roundup of CFTC actions includes a South African CEO charged for Forex fraud, and details of a precious metals fraud scheme.

CEO to pay $3.4bn in CFTC’s largest fraud scheme case involving bitcoin – April 27, 2023

The CFTC has just taken action against a CEO in what is the largest fraudulent scheme to date involving bitcoin. The US District Court for the Western District of Texas has brought default judgment and permanent

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