CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M

The Commodity Futures Trading Commission (CFTC) has charged a Florida financial advisor and his company with fraud for allegedly duping investors in his algorithmically-charged “Compcoin” token out of $1.6 million.  Alan Friedland and his company “Fintech Investment Group, Inc.” allegedly marketed Compcoin as the key to a proprietary forex trading software, ART. This algorithm was […]

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LabCFTC Wants to Meet FinTech Startups in New York

LabCFTC, the U.S. Commodity Futures Trading Commission’s (CFTC) financial technology experimentation branch, is holding office hours on April 1, asking local companies to ask questions, discuss issues or present their projects. The CFTC announced Tuesday that participants can register for the office hours by emailing LabCFTC@cftc.gov (email subject line should say “NYC Office Hours”) “Office […]

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US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors

The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer “extraordinary profits” from a cryptocurrency trading scheme. The SEC alleged in […]

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