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Cryptoassets & Blockchain Legal News

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United States

Crypto Investment Schemes charged with fraud by CFTC

January 19, 2018 by Ashley MAO

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.

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.


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