November 05, 2020 BY Steffy Bogdanova
The CFTC orders Venture Capital Investments to pay $900K in a digital asset and Forex Ponzi Scheme
The order stems from a complaint against VCI filed on 14 February 2020. The court established that the defendants fraudulently solicited over 72 clients to invest in commodity pools that purportedly trade in forex and digital assets, including bitcoin, only to then misappropriate the money. Further, the court uncovered that the defendants lured their clients…
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