• Latest
Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges

Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges

September 28, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges

coinnewsdaily by coinnewsdaily
September 28, 2018
in Business
0
Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The Commodity Futures Trading Commission (CFTC) filed charges against two defendants for allegedly going to a number of lengths in attempts to steal bitcoin.

The regulator announced late Friday that it was charging two individuals using the names Morgan Hunt and Kim Hecroft for “fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents” as part of an elaborate scheme to convince cryptocurrency investors to pay a fake tax in bitcoin to the defendants.

According to a press release, Hunt, who claims to be of Arlington, Texas and may be doing business as Diamonds Trading Investment House,  and Hecroft, who claims to be from Baltimore, Maryland and may be doing business as First Options Trading, “engaged in a fraudulent scheme to solicit bitcoin from members of the public.”

Moreover, the two did so “through false or misleading representations or omissions,” according to a release, which include impersonating a CFTC investigator and forging documents with an official CFTC seal and bearing the CFTC’s general counsel’s name.

The pair have successfully defrauded at least two customers, according to the release. At least one of these victims was persuaded to send bitcoin to the pair.

Among the charges, the release notes, is the claim that the defendants forged a document stating that bitcoin investors needed to pay taxes to the regulator if they wished to withdraw their bitcoin.

CFTC director of enforcement James McDonald said in a statement that “increased public awareness of the CFTC’s involvement in policing the virtual currency markets has, unfortunately, provided new opportunities for bad actors.”

He added:

“As alleged in the complaint, defendants sought to exploit public trust in the CFTC through forged documents purporting to be official CFTC memoranda requiring the payment of a tax on cryptocurrency accounts. The CFTC does not collect taxes. The CFTC is on guard against fraudsters who try to take advantage of the CFTC’s reputation in order to cheat customers, and will take swift action against such misconduct.”

The CFTC is looking to seek restitution for the victims, the disgorgement of any gains, penalties, a permanent trading and registration ban for each defendant and a permanent injunction against any further violations of the Commodity Exchange Act and agency regulations.

CFTC image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: BusinessCryptoCrypto Businessdirector of enforcementinvestigatorMarylandmedia outletTexas
Share76Tweet48
Previous Post

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 28

Next Post

Samourai Wallet Stops Showing Fiat Value of Bitcoin Balances

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Samourai Wallet Stops Showing Fiat Value of Bitcoin Balances

Samourai Wallet Stops Showing Fiat Value of Bitcoin Balances

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,580.00-2.28%
  • ethereumEthereum(ETH)$1,648.42-2.31%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$327.521.89%
  • rippleXRP(XRP)$0.411571-0.98%
  • cardanoCardano(ADA)$0.401770-0.36%
  • dogecoinDogecoin(DOGE)$0.091597-4.21%
  • matic-networkPolygon(MATIC)$1.19-3.67%
  • okbOKB(OKB)$39.69-1.08%
  • solanaSolana(SOL)$24.36-4.89%
  • polkadotPolkadot(DOT)$6.570.18%
  • litecoinLitecoin(LTC)$99.80-1.65%
  • shiba-inuShiba Inu(SHIB)$0.0000120.36%
  • tronTRON(TRX)$0.0642960.74%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$14.51-3.15%
  • chainlinkChainlink(LINK)$7.14-2.33%
  • ethereum-classicEthereum Classic(ETC)$22.810.58%
  • moneroMonero(XMR)$174.40-2.90%
  • leo-tokenLEO Token(LEO)$3.360.14%
  • bitcoin-cashBitcoin Cash(BCH)$137.77-0.09%
  • stellarStellar(XLM)$0.092221-1.06%
  • filecoinFilecoin(FIL)$5.49-3.94%
  • crypto-com-chainCronos(CRO)$0.080708-1.98%
  • algorandAlgorand(ALGO)$0.2578490.18%
  • vechainVeChain(VET)$0.024372-2.81%
  • internet-computerInternet Computer(ICP)$5.82-3.81%
  • aaveAave(AAVE)$88.45-3.60%
  • eosEOS(EOS)$1.08-1.64%
  • elrond-erd-2MultiversX(EGLD)$44.900.68%
  • theta-tokenTheta Network(THETA)$1.08-1.72%
  • tezosTezos(XTZ)$1.10-1.33%
  • huobi-tokenHuobi(HT)$5.8813.13%
  • paxos-standardPax Dollar(USDP)$0.99-0.48%
  • bitcoin-cash-svBitcoin SV(BSV)$42.93-2.10%
  • havvenSynthetix Network(SNX)$2.49-5.41%
  • dashDash(DASH)$63.02-1.31%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.170.09%
  • iotaIOTA(MIOTA)$0.234459-1.20%
  • neoNEO(NEO)$8.822.72%
  • makerMaker(MKR)$672.42-0.69%
  • zcashZcash(ZEC)$45.95-3.95%
  • zilliqaZilliqa(ZIL)$0.028926-0.12%
  • basic-attention-tokenBasic Attention(BAT)$0.268733-1.82%
  • compound-governance-tokenCompound(COMP)$52.98-6.33%
  • nemNEM(XEM)$0.0402220.90%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.110.75%
  • bitcoin-goldBitcoin Gold(BTG)$16.87-4.16%
  • sushiSushi(SUSHI)$1.5214.53%
  • qtumQtum(QTUM)$2.74-1.76%
  • wavesWaves(WAVES)$2.58-2.51%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,695.460.52%
  • golemGolem(GLM)$0.2473160.62%
  • omisegoOMG Network(OMG)$1.48-0.82%
  • ontologyOntology(ONT)$0.214778-1.72%
  • digibyteDigiByte(DGB)$0.010907-2.62%
  • umaUMA(UMA)$2.08-1.21%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%