Just Earth News | @justearthnews | 27 Mar 2021, 06:14 am Print
Bitcoin Image:Pixabay
Washington/Sputnik: A US court ordered a UK man to pay more than $570 million after finding he operated a bitcon fraud scheme, the Commodity Futures Trading Commission said in a statement.
"The US District Court for the Southern District of New York entered a default judgment against Benjamin Reynolds, purportedly of Manchester, England, finding that he operated a fraudulent scheme to solicit bitcoin from members of the public and misappropriated customers’ bitcoin," the release said Friday.
The court requires Reynolds to pay nearly $143 million in restitution to defrauded customers and a civil penalty of $429 million, the release said.
The court requires Reynolds to pay nearly $143 million in restitution to defrauded customers and a civil penalty of $429 million, the release said.
Reynolds solicited 22,190.542 bitcoin from more than 1,000 customers worldwide, including at least 169 individuals residing in the US, the release added.
- Study, work, play: ASUS launches powerful 2-in-1 Chromebook
- Check your Instagram now: 17.5 million accounts breached
- Amazon’s Alexa is no longer just a speaker — Now it lives in your browser
- Google is supercharging Gmail with Gemini AI — And users get it free
- The Superman comic stolen from Nicolas Cage just became one of the most expensive ever
-1763561110.jpg "Image of the day: November 19, 2025")
