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The CFTC is Policing Virtual Currency Boiler Rooms

Following a bench trial of a pro se defendant accused of running a virtual currency boiler room, the Eastern District of New York found in favor of the US Commodity Futures Trading Commission (CFTC) a... read more

The Oldest Trick in the Book: Why Crypto ‘Boiler Room Scams’ Are so Effective

Indeed, authorities around the globe have increasingly cracked down on one of the oldest tricks in the book: crypto boiler room scams ... The CFTC charged McDonnell with operating “a deceptive and fra... read more

Abortion Protesters, Robocalls and Virtual Currency Fraud

McDonnell, 18 CV 361 (EDNY, Aug. 23, 2108), Judge Weinstein granted the CFTC’s request for a permanent injunction, restitution and civil monetary penalties against defendant based on his fraudulent “b... read more

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CFTC Offers Bounty To Whistleblowers On Pump-and-Dump Schemes

The Commodity Futures Trading Commission (CFTC) has offered a reward to whistle-blowers who give information on Virtual currency and digital token ... Pump-and-dump schemes, known as "boiler room" fra... read more

US finance watchdog warns investors: 'Beware virtual currency pump-and-dump schemes'

The scam is the same one used by Leonardo DiCaprio's character in "The Wolf of Wall Street" and the CFTC said: "Pump-and-dump schemes have been around long before virtual currencies and digital tokens ... read more

'Wolf of Wall Street' says Bitcoin is a 'huge scam'

The man who was the real-life inspiration for the Wolf of Wall Street said on Friday that the cryptocurrency Bitcoin is a 'huge scam'. Jordan Belfort says ... a former stockbroker who ran a $100millio... read more

Cries of scam as firms don’t deliver on cryptocurrency

The Commodities Futures ... boiler rooms, but customers should know that these frauds have evolved and are prevalent online,” commission spokeswoman Erica Elliott Richardson said in a statement. She c... read more

New Documentary Takes Herbalife 'Fraud Thesis' To Main Street In Gripping Drama And Living Color

They include Wolf of Wall Street, Enron: The Smartest Guys in the Room, Boiler Room, Madoff ... pyramid scheme when disguised as a "sales" business with commodity products serving as transfer currency ... read more

Cryptocurrency exchanges form self-regulatory group

The Virtual Commodity Association, announced Monday ... “This is the first of many steps in policing the digital asset markets and answering the call of regulators,” Yusuf Hussain, Gemini’s head of ri... read more

Here's how cybercriminals are exploiting digital currency investors

The Commodity Futures Trading Commission (CFTC ... the thinly traded digital currency world. "Pump-and-dump schemes long pre-date the invention of virtual currencies, and typically conjure the image o... read more

Washington faces steep cryptocurrency learning curve

The virtual currencies are blurring ... Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), which have both issued warnings to investors about their difficulties ... read more

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