18 April 2021
$ 571 million penalty for bitcoin fraud

$ 571 million penalty for bitcoin fraud


Benjamin Reynolds British man named, Bitcoin scam because $ 571 million was punished. Authorities informed the defendant from investors on social media. BTC turned out to be wanted.

Commodity Futures Trading Commission (CFTC) The statements made by the statement revealed Reynolds’ guilt. But your defendant financial penalty Although it was determined, the authorities were in despair as to whether they would receive the money. Because the whereabouts of the English swindler has not been determined at the moment.

Bitcoin scam will refund the money they collected

By the federal court in Manhattan Benjamin Reynolds The lawsuit process started about him this month. Making a statement to the press weeks later, the Commodity Futures Trading Commission, Fine of $ 429 million reported that he received. At the same time, the approximate obtained from fraud $ 143 million He ordered the money back to its owners.

According to reports released by the CFTC, Benjamin Reynolds lived in Manchester, England. May – October 2017 Between the years, the man was one of the investors he had accessed on social media. Bitcoin demanded. In return, in the virtual money market to make a profit for them token exchange he will do; he said he would return their money back in full.

Bitcoin scam

Benjamin Reynolds victimized nearly 170 people with the BTC fraud.

The truth is, it’s downright Bitcoin scam was. Reynolds took no action for investors. He did not barter with the money he obtained. That he prefers to take the accumulation and hide. According to the information announced, about 170 person because of this man.

Statement from the CFTC upsetting the victims

Money raised by Benjamin Reynolds in 2017 via Bitcoin fraud for about $ 143 million it corresponded. But the court made a sad statement for the victims. He stated that the assets cannot be returned to their original owners if there is not enough money on the criminal.


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