Judge: CFTC Shows Man Ran Crypto Fund Ponzi Scheme, Justifying Summary Judgment

(July 10, 2024, 8:41 AM EDT) -- CHICAGO — The Commodity Futures Trading Commission (CFTC) showed that a financial company and its founder engaged in fraud by issuing misleading statements about “crypto hedge funds” run by the company, a federal judge in Illinois held, granting summary judgment to the CFTC....