Two cryptocurrency investment schemes have been charged with fraud by the United States derivatives regulator, the U.S. Commodity Futures Trading Commission (CFTC).
The pontiffs in the two separate lawsuits are Dillon Michael Dean from Colorado and his company, Entrepreneurs Headquarters Limited and Patrick Kerry McDonnell from New York and the company CabbageTech. Both have been accused of misappropriating the funds raised with fraudulent cryptocurrency investment products.
Last year the CFTC signposted that tokens issued by the means of ICOs may be considered commodities.Tags: cftc, FRAUD
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