Man Ordered To Pay More Than $3.4B For Role In Bitcoin Commodity Trading Scheme

Mealey's (May 5, 2023, 10:43 AM EDT) -- AUSTIN, Texas — A federal judge in Texas ordered a man to pay more than $3.4 billion in restitution and penalties for his role in an alleged multilevel marketing (MLM) scheme in which he and the company he operated issued misrepresentations in the solicitation of bitcoin as part of the scheme and misappropriated investor funds in violation of the Commodity Exchange Act (CEA)....