CFTC files charges against an alleged $7 million bitcoin fraudster
The U.S. Commodity Futures Trading Commission (CFTC) has charged Jon Barry Thompson with fraud, alleging that in 2018 he fraudulently convinced two clients to send approximately $7 million to fund bitcoin purchases he never actually made, according to The Block. The CFTC is alleging that Thompson never delivered the bitcoins to his clients, and instead, "sent virtually all of the money to third parties without first receiving any bitcoin in return."
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