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Largest Bitcoin Fraud Scheme Results in $3.4 Billion Penalty in a Case Brought by CFTC

A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission. In a Thursday press release, the CFTC revealed that Cornelius Johannes...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Largest Bitcoin Fraud Scheme Results in $3.4 Billion Penalty in a Case Brought by CFTC
A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.
In a Thursday press release, the CFTC revealed that Cornelius Johannes Steynberg, a South African national and CEO of Mirror Trading International Proprietary Limited (MTI), has been ordered to pay the penalty for his role in a fraudulent commodity pool scheme that involved foreign currency transactions and Bitcoin. ...
Read More: Largest Bitcoin Fraud Scheme Results in $3.4 Billion Penalty in a Case Brought by CFTC

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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