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Tag Archives: Benjamin Reynolds

UK Man Charged with Bitcoin Scam, Incurs Huge Financial Penalty

Cryptocurrency fraud is and always has been a problem in the financial space, but it’s rare that a scam of this magnitude comes along. A man in the U.K. is being ordered to pay a financial penalty of approximately $571 million by a U.S. court following the implementation of a phony bitcoin operation that saw him earn more than 22,000 BTC from unsuspecting victims. A Major Bitcoin Scam Occurred Four Years Ago The penalty is being enforced by the Commodity Futures Trading...

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The CFTC Can’t Find the Leader of a Near $150 Million BTC Scam

The Commodity Futures Trading Commission (CFTC) says it is having trouble locating a man named Benjamin Reynolds, a person allegedly responsible for a bitcoin theft of $147 million or more.The CFTC Is Trying to Find an Alleged Scammer That’s MIAReynolds first initiated the scam in 2017. As the director of the cryptocurrency investment firm Control Finance in the United Kingdom, Reynolds initially sought to get people on board by guaranteeing returns of 45 percent or more on whatever they...

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