CFTC presses charges against individuals involved in deceptive cryptocurrency scheme.
They inaccurately portrayed Fundsz as a profitable venture, asserting that a $2,500 investment could burgeon into $1 million in just 48 months. Additionally, the accused falsely linked Fundsz to charitable initiatives, capitalizing on the allure of contributing to worthy causes.
The regulatory body also asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns. Nonetheless, as per the CFTC, the reality is that Fundsz did not actually trade customer funds. The entire venture seems to have been established upon fabricated profits and deceptive assertions.Judge Wendy Berger of the U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CFTC charges Fundsz, four individuals in crypto and precious metals fraudThe CFTC has charged four individuals and their unincorporated entity, Fundsz, with crypto and precious metals fraud.
Read more »
First Solar chooses Louisiana to build fifth US panel factoryFirst Solar said on Thursday it has selected Louisiana to build its fifth U.S. factory amid a surge in demand for American-made solar panels.
Read more »
Suspects arrested in Louisiana in connection to Dallas police officer's shootingDallas police say that three suspects in the carjacking and shooting of an officer were arrested in Shreveport, Louisiana on Wednesday.
Read more »
Video shows driver, 78, crash into two Louisiana businesses before speeding off“Looks like a bomb went off in the place but it was actually a little small car that destroyed the place,” store owner Robert Boover said of the destruction.
Read more »
VIDEO: Dallas police officer gets in shootout with carjackersDallas police will give an update on the investigation into the shooting and carjacking of a plain clothes officer earlier this week.
Read more »