CFTC slaps record $3.4b fine on crypto Ponzi scheme operator

cftc-slaps-record-$3.4b-fine-on-crypto-ponzi-scheme-operator

The United States Commodity Futures Trading Commission (CFTC) has ordered Cornelius Johannes Steynberg of Stellenbosch, Western Cape, South Africa, to pay $3.4 billion in restitution and a civil monetary penalty. He organized a crypto Ponzi scheme that defrauded victims in…

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