NEWS
CFTC STARTS PROSECUTING FRAUDULENT CRYPTO CURRENCY SCAMS
The Commodity Futures Trading Commission, and independent agency of the U.S. Government has begun prosecuting fraudulent crypt currency firms under its power to regulate retail commodities. Even though CFTC does not have specific jurisdiction to regulate such firms, it is using a provision of the Commodity Exchange Act to prosecute under the fraud provision contained in the act. A number of firms that have scammed people have bee successfully prosecuted. Some believe that this interst grew because prosecuting futures fraud has waned in recent years, due to the advent of on line trading and self directed futures accounts.
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