CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft

Coindesk | Feb 14, 2020 at 9:59 PM
  • The U.S. Commodity Futures Trading Commission (CFTC) is suing an alleged Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments.
  • The CFTC is charging Clark with fraud by a commodity pool operator and commodity trading adviser, fraud by deceptive device, failure to register as a commodity pool operator and failure to register as a commodity trading advisor.
  • The press release thanked the Financial Supervision Commission of Bulgaria, Financial Markets Authority of New Zealand, Seychelles Financial Services Authority, St. Vincent and the Grenadines Financial Services Authority and the U.K. Financial Conduct Authority.