U.S. Court orders British man to pay more than $571 million over bitcoin fraud

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imageForex18 hours ago (Mar 26, 2021 21:20)

© Reuters. A representation of virtual currency Bitcoin is seen in front of a stock graph

WASHINGTON (Reuters) – A U.S. court ordered a British man to pay more than $571 million for operating a fraudulent bitcoin trading scheme, the Commodity Futures Trading Commission said on Friday.

The March 2 order by the U.S. District Court for the Southern (NYSE:SO) District of New York stems from an investigation into a website used by Benjamin Reynolds, purportedly of Manchester, to solicit bitcoins from customers with a promise of guaranteed profits, the CFTC said in a statement.

U.S. Court orders British man to pay more than $571 million over bitcoin fraud

Dollar Edges Lower; Remains Near Multi-Month Highs

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