WASHINGTON (Reuters) – A U.S. court ordered a British man to pay more than $571 million for operating a fraudulent bitcoin trading scheme, the Commodity Futures Trading Commission said on Friday.
The March 2 order by the U.S. District Court for the Southern District of New York stems from an investigation into a website used by Benjamin Reynolds, purportedly of Manchester, to solicit bitcoins from customers with a promise of guaranteed profits, the CFTC said in a statement.
Reporting by Timothy Ahmann; Editing by Chris Reese
