A man accused of a $147m (£116m, €130m) cryptocurrency scam has vanished, according to the US Commodity Futures Trading Commission (CFTC). Benjamin Reynolds served as the director of the UK-based crypto investment firm Control-Finance, which attracted 22,859 BTC from more than 1,000 customers in its five month-long operation in 2017. According to the regulator, the company promised investors monthly trading profits of 45 per cent, which they described in weekly fabricated trade reports. When the company shut down in September 2017, it informed customers that their Bitcoins were safe and would be returned in whole by November at the latest. The CFTC alleges that Control-Finance busily “completed their misappropriations of customers’ Bitcoin deposits” instead, and laundered the stolen funds through thousands of circuitous blockchain transactions. As the scam’s social media presence vanished, so did its director. Unable to locate Reynolds, the regulator has requested that the New York Southern District Court settle the case in his absence. The regulator seeks civil monetary penalties for those involved with the Ponzi scheme, along with permanent trading and registration bans, restitution and disgorgement. This is not the first and will by no means be the last case of criminals defrauding cryptocurrency enthusiasts and then going into hiding. Last month, the former CEO of a South African cryptocurrency firm went into hiding having defrauded customers of around $13.5m. A group of disgruntled investors led by an army colonel had allegedly hired “debt collectors” to recoup their funds from Willie Breedt. Authorities discovered Breedt in less than a fortnight and served him with a court order. However, given that Reynolds has been missing for almost three years and has considerably more funds at his disposal, the CFTC and US authorities certainly have their jobs cut out.

Discord PARALLEL FINANCE - https://discord.gg/JMYG7N55 В раздел Invite Friends вставьте - Thank you for the invitation @Megalodon Сайт - https://parallel.fi/index.html Twitter - https://twitter.com/ParallelFi ДЛЯ КОММЕРЧЕСКИХ ПРЕДЛОЖЕНИЙ И РЕКЛАМЫ - МОЙ ТЕЛЕГРАМ - @pablo_bustamante (по другим вопросам не пишите) ПОДПИСЫВАЙТЕСЬ на мой канал по NFT - https://t.me/nftdaily STORMGAIN MINING - Намайни свою первую крипту за 4 часа - https://bit.ly/2BCTr3e Купить / Продать выгодно КРИПТОВАЛЮТУ - https://bit.ly/2NCb6dF Купить / Продать NFT на OPENSEA - https://bit.ly/38TGLBF Подписывайтесь на телеграм канал - https://t.me/rocketlife Для Коммерческих предложений и партнерства - torettidon@gmail.com ЕСЛИ ВИДЕО БЫЛО ВАМ ПОЛЕЗНО ЖДУ ВСЕХ НА МОИХ КАНАЛАХ ТЕЛЕГРАММ, YOUTUBE!!! ЗАРАНЕЕ ВСЕМ БЛАГОДАРЕН! Bustamante Crypto Channel (В КРИПТОВАЛЮТУ МЫ ВЕРИМ!)- Канал посвящен криптовалюте. Здесь вы найдете обзоры различных airdrop проектов, bounty кампаний, а также различные сервисы для заработка Биткоин и других альткоинов. Подписывайтесь, всем рады, кому интересно направление криптовалют и блокчейна. Узнайте как зарабатывать в интернете без вложений! Вас ждёт информация о бесплатных раздач различных токенов, обзоров бирж, обменников и online заработка. ... https://www.youtube.com/watch?v=HGlIsFu2ct8