💸 Judge orders trading firm, CEO to pay $2.5 Million in Bitcoin ponzi case
The Commodity Futures Trading Commission (CFTC) won an anti-fraud battle against Gelfman Blueprint, Inc. (GBI) and its CEO, Nicholas Gelfman. GBI solicited $600,000 from 80 customers, claiming that the firm had a proprietary trading algorithm, but instead used the funds to pay other clients. On Thursday, a federal judge ruled in favor of the CFTC, ordering Gelfman and GBI to pay $2.5 million in penalties and restitution.
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