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IcomTech executive paid over $5M for fake Bitcoin trading scheme
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2024-12-12 12:03 6,801
A California court has ordered five individuals involved in the IcomTech "Ponzi scheme" to pay more than $5 million for committing fraud and misappropriating stolen funds through a fake Bitcoin trading scheme, Golden Finance reports. The U.S. Commodity Futures Trading Commission (CFTC) said in a statement on December 11 that the default judgment order found David Carmona, Juan Arellano Parra, Moses Valdez and David Brend guilty of all violations of the Commodity Exchange Act and commodities alleged in the complaint. Responsible for conduct under the Futures Trading Commission (CFTC), and Marco A. Ruiz Ochoa obtained a consent order.
Keywords: Bitcoin
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