CFTC Files Charges Against $12 Million ‘Bitcoin Ponzi Scheme’

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The Commodity and Futures Trading Commission today filed a civil enforcement action against a man for allegedly running a $12 million Bitcoin ponzi scheme to fund his lavish lifestyle. In a Friday statement, the CFTC said Rathnakishore Giri, of New Albany, Ohio, posed as a successful crypto trader. He then allegedly convinced over 150 would-be investors to hand over $12 million in cash plus at least 10 Bitcoins, today worth $240,326. Via his businesses NBD Eidetic Capital, LLC ...

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