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- US fines founders of ‘worthless cryptocurrency’ over $4.25M binary options scam
Posted by : Brij Bhushan
Monday 4 November 2019
A US federal court has ordered defendants to pay $4.25 million in penalties as a result of operating a virtual currency scam known as ATM Coin. Blake Harrison Kantor and Nathan Mullins, both from New York — and corporate entities Blue Bit Banc, (UK); Blue Bit Analytics, (Turks and Caicos); and Mercury Cove Inc and G. Thomas Client Services, (New York) — are accused of committing fraud and misappropriating customer funds. According to the court, Kantor, Blue Bit Analytics, and G. Thomas Client Services, took customer funds and illegally acted as Futures Commission Merchants without having registered with the Commodity Futures Trading Commission (CFTC).…
This story continues at The Next Web