March 29, 2021 BY Steffy Bogdanova

Control-Finance director Benjamin Reynolds hit with $572 million fine from CFTC

The CFTC said: While Reynolds represented that he would return all bitcoin deposits to customers of Control-Finance by late October 2017, he never did and instead retained the deposits for his own personal use. Customers lost most or all of their bitcoin deposits as a result of the scheme. The watchdog service found that Control-Finance…

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