Founder of Bitcoin Ponzi Scheme MTI Ordered to Pay $1.73 Billion in Restitution and Penalty
05/02 02:36
Johann Steynberg, founder and CEO of Mirror Trading International (MTI), has been ordered to pay over $1.73 billion in restitution and a civil monetary penalty by a US federal court. The Commodity Futures Trading Commission (CFTC) called this the "largest fraudulent scheme involving Bitcoin charged in any CFTC case." Steynberg was accused of fraud, registration violations, and failure to comply with regulations.
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