CFTC files charges against alleged $7M bitcoin fraudster

CFTC files charges against alleged $7M bitcoin fraudster – The Block

The U.S. Commodity Futures Trading Commission (CFTC) has charged Jon Barry Thompson with fraud, alleging that in 2018 he fraudulently convinced two clients to send approximately $7 million to fund bitcoin purchases he never actually made. The CFTC is alleging that Thompson never delivered the bitcoins to his clients, and instead, “sent virtually all of …