April 09, 2021 BY Steffy Bogdanova
David Saffron and Circle Society to pay $32 million penalty for operating a Ponzi scheme
The CFTC found that since December 2017, Saffron has fraudulently solicited around $15,815,967 worth of Bitcoin and U.S. dollars from 179 investors to trade off-exchange binary options on forex and cryptocurrency pairs, among other things. Saffron created Circle Society and used it to carry out his fraudulent activity. The CFTC has stated that Saffron and…
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