您现在的位置是:CFTC wins a record $3.4B penalty payment in a Bitcoin >>正文
CFTC wins a record $3.4B penalty payment in a Bitcoin
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛462人已围观
简介This is the largest fraud case involving Bitcoin that CFTC has cracked so far.The case involved the ...
- This is the largest fraud case involving Bitcoin that CFTC has cracked so far.
- The case involved the CEO of Mirror Trading International Proprietary Limited (MTI).
- Half of the $3.4B will go toward providing restitution to victims of MTI’s fraudulent activities.
A Texas court has ordered Johannes Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI) to pay a $3.4 billion penalty in connection with a large-scale fraud case involving Bitcoin.
According to the CFTC allegations, Steynberg engaged in an international fraudulent multilevel marketing scheme (MLM) to ask for bitcoins from the public for an unregistered commodity pool operated by the South Africa-based company MTI.
Steynberg who was controlling MTI and the company falsely claimed to trade off-exchange retail forex through a proprietary “bot” or software program between May 2018 and approximately March 2021.
The final judgment read:
“Either directly or indirectly, the defendants misappropriated all of the Bitcoin they accepted from pool participants.”
According to the CFTC Steynberg, individually and as the principal and agent of MTI, accepted at least 29,421 bitcoins, valued at over $1.7 billion at the time. The bitcoin was obtained from at least 23,000 individuals in the US and other countries around the world. The individuals were tricked to participate in the commodity pool although MTI was not registered as a commodity pool operator (CPO), as required by the law.
Steynberg arrest
Steynberg was arrested in December 2021 and has been held in Brazil on an Interpol arrest warrant since then.
Besides the recent charges against him by the CFTC, Steynberg is also permanently banned from registering with the CFTC or trading in any CFTC-regulated markets.
Restituting MTI’s victims
Half of the $3.4 billion penalty will go towards providing restitution to the victims of MTI’s fraudulent activities. The other half is a civil penalty, which is the highest civil penalty to be ordered in any CFTC case.
The CFTC has however conceded that “orders requiring payment of funds to victims may not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets.”
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/393438.html
相关文章
Best DeFi projects on Solana to 5x your money in less than a year
CFTC wins a record $3.4B penalty payment in a BitcoinDeFi is one of the hottest sectors in the crypto universe. New DeFi projects with enormous potential...
阅读更多
Kraken exchange set to launch its NFT marketplace
CFTC wins a record $3.4B penalty payment in a BitcoinKraken NFT marketplace will reportedly allow zero gas fees on all NFT trades on the platform.Major c...
阅读更多
Where to buy Aergo as it notches 90% daily gains
CFTC wins a record $3.4B penalty payment in a BitcoinEnterprise blockchain solutions have been attracting mainstream attention, and Aergo is the latest t...
阅读更多
热门文章
- Esport Players Under SBI To Be Paid In XRP
- Solana partners with YGG SEA, co
- Binance Accused of Helping Hackers Launder Stolen Funds
- YGG SEA to conduct SEA Token IDO public sale on Copper between May 9th and 14th
- Deutsche Bank Publishes CBDC Findings in Crypto Report
- Hawaii Senate sets up crypto task force
最新文章
Smooth Love Potion (SLP) price is up 24%: why is the Axie Infinity game token rising?
Cosmos tries to find support at $26 after a 45% drop in two weeks
BTC could slip below $35k soon
Where to buy Streamr crypto online: DATA coin on the rise again
XRP vs Stellar Lumens (XLM) – Why this could be the year XRP takes off
Weekly Roundup of Cryptocurrency News 03/05/2022