A man in the US has been charged for allegedly operating an $11 million Bitcoin Ponzi scheme. The US Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action yesterday, charging David Gilbert Saffron of Las Vegas, and Circle Society, Corp, with “fraudulent solicitation, misappropriation, and registration violations.” The complaint says that from at least December 2017, the defendants fraudulently solicited and accepted at least $11 million worth of Bitcoin and US dollars from at least 14 people in the United States. The money was then used to exchange binary options on foreign currencies and cryptocurrency pairs,…
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