- The US District Court of Southern Florida ordered the CEO of the Ponzi Scheme Argyle Coin to pay a $4.5 million fine.
- Moreover, based on the Court’s final judgment, Aman will no longer have to pay the fine.
On March 23, the US District Court of Southern Florida fined Argyle Coin Co-Founder Jose Angel Aman. About the fine, the Court claims that Aman ran a Ponzi Scheme activity which is considered a scam.
Furthermore, the Court instructed Aman to pay over $4.5 million as payback of its ill-gotten gains. However, the Court told Aman to pay the $4.5 million to no one but to the US Securities and Exchange Commission (SEC).
Based on a press release, the authority ordered Aman to pay an additional $300,000 penalty before the Court’s final judgment.
According to the SEC, Aman operated th...
This article was first published on coinquora.com
