Control-Finance MASSIVE FINE $571Mn CFTC (20,000 BITCOIN SCAM) I'm sure all the old timers will remember good ol' Control-Finance alongside Bitconnect, Regalcoin, Laser.Online and other HYIPs from 2017/2018. Well the CFTC issued a $571MN fine to pay for the bitcoin scam. If "Benjamin" kept his 20K+ bitcoin, he'd be a billionaire. But he couldn't have, because he needed to pay for the ponzi somehow. Maybe he got away with $10-50Mn. Give or take. Who knows, but let's discuss today about everyone's favorite scam! #Control-Finance #SCAM #HYIP Crypto links: https://decrypt.co/63076/cftc-demands-british-crypto-thief-pays-fine-of-571-million https://behindmlm.com/companies/control-finances-benjamin-reynolds-is-karl-joonatan-mets/ Check out how to get a FREE NFT - https://www.youtube.com/watch?v=8-doWf2lb2w #NFTs #FREEnfts If you want to learn more about PONZI, please visit: https://kubera.tv This video is about PONZI but also try to cover the following subject: -what is a ponzi scheme? -ponzi scheme -what is the difference between ponzi and pyramid scheme Youtube is the very best place to go when searching for videos about PONZI. PONZI is clearly something that intrigues you and other people so I made this video about this topic. -------------- If you would like to discover more concerning what is a ponzi scheme? I advise you to take a look at our various other video clips : https://www.youtube.com/c/KuberaTV/videos ++++++++++++++++++++++ Have I answered all of your concerns about PONZI? Individuals who looked for what is a ponzi scheme? Likewise looked for ponzi scheme. #PONZI #PonziScheme #PonziSchemes Control-Finance Bitcoin Fraud with $570M Penalty Benjamin Reynolds, the mastermind behind a substantial bitcoin Ponzi system, need to pay the CFTC a massive $572 million in fine and restitution after a federal judge in New york city entered a default judgment against him. The United States Asset Futures Trading Commission accuses Reynolds of running a pyramid plan called Control-Finance, which was fraudulently advertised as a UK-based cryptocurrency investment company. In an issue filed in 2019, the agency said the fictional CEO acquired and abused greater than 22,800 bitcoin (worth more than $1.24 billion) from more than 1,000 customers. In order to essence bitcoin from financiers, Control-Finance tempted them with guarantees of assured 1.5 percent a day, or 45 percent a month, which they explained in once a week produced profession records. The fraudulent plan operated in between Might and September 2017, marketing benefit from a trading pool that never ever in fact produced any returns. For new participants, they were assured to receive surefire annual returns, while they were in fact duped into a Ponzi scheme. " While Reynolds stood for that he would certainly return all bitcoin down payments to consumers of Control-Finance by late October 2017, he never did and instead kept the deposits for his very own personal use. Consumers lost most or every one of their bitcoin deposits as a result of the scheme," the CFTC claimed. The guard dog stated Reynolds' Control-Finance in reality did no trading and also made no earnings for customers. Instead, they washed the stolen funds via thousands of circuitous blockchain transactions. In the course of his plan, the defendant transferred part of the swiped assets to bank accounts in overseas tax places like the Seychelles islands. Additionally, the court documents declare that the Ponzi-scheme maker built the UK Companies Residence records to encourage their victims that they were operating a regulated organization. In September 2017, Control-Finance shut down its social media sites web pages, however the CFTC stopped working to find Reynolds considering that it uncovered the immoral business in June 2019. Therefore, the firm asked the New york city court to work out the situation in his lack. Today's default order enables US authorities to pursue any kind of offered assets, particularly those in the USA, to satisfy the judgments. As the rip-off's supervisor has vanished, the CFTC warns targets that restitution orders may not cause the recuperation of any type of cash shed due to the fact that the wrongdoers may not have sufficient funds. #PyramidScam #PyramidScheme #PyramidSchemes