Fugitive CEO ordered to pay $3.4 Billion in record fraud case involving Bitcoin

A US judge ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin — the highest\u002Dever…

Cornelius Johannes Steynberg, the founder and chief executive officer of Mirror Trading International Proprietary, committed fraud tied to retail foreign-currency transactions, among other violations, the agency said in a statement that announced the order by US District Judge Lee Yeakel.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

He solicited at least 29,421 Bitcoin — worth more than $1.7 billion in March 2021 — from at least 23,000 individuals in the US and more from around the world, for participation in an unregistered commodity pool that his company operated.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

calgaryherald /  🏆 64. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BILLION DOLLAR BID: Ryan Reynolds and Remington Group prepping billion dollar bid for SenatorsThe Markham\u002Dbased group is prepared to bid more than $1 billion (USD) to buy the Senators and the Canadian Tire Centre.
Read more »

Meta forecasts higher-than-expected second-quarter revenueFacebook-parent Meta expects current-quarter revenue between $29.5-billion and $32-billion, compared with analysts’ estimates of $29.53-billion
Read more »

Bitcoin leveraged longs liquidated after brief mid-week recovery above $30,000Bitcoin’s long liquidations on 26 April soared to their highest level so far in April. The liquidations also triggered a sharp drop in the estimated leverage ratio as leverage traders quickly shifted to the side of caution.
Read more »

Bitcoin Apr. 27 daily chart alert - Bulls regain some footing
Read more »

Bitcoin [BTC]: Analyzing the highs and lows of the last 48 hoursAs Bitcoin's price swung wildly in the last 48 hours, savvy holders took advantage. Meanwhile, Bitcoin HODLers remained bullish, continuing their accumulation despite market volatility.
Read more »

Bitcoin Apr. 28 daily chart alert - Choppy price action slightly favors bulls
Read more »