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Wednesday, April 14, 2021

US court: US court orders man to pay more than $571 million over bitcoin fraud – Latest News

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A US court ordered a British man to pay more than $571 million for operating a fraudulent bitcoin trading scheme, the Commodity Futures Trading Commission said on Friday.

The March 2 order by the U.S. District Court for the Southern District of New York stems from an investigation into a website used by Benjamin Reynolds, purportedly of Manchester, to solicit bitcoins from customers with a promise of guaranteed profits, the CFTC said in a statement.

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