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Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction

Published 12/13/2019, 06:13 AM
Updated 12/13/2019, 08:01 AM
Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction
BTC/USD
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A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million.

In a filing with the United States District Court in Nevada dated Dec. 6, Judge Jennifer A. Dorsey ruled in favor of the Commodity Futures Trading Commission (CFTC) and against Circle Society, along with its operator, David Saffron.

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