CFTC busts Bitcoin scheme worth $147 million

The United States financial regulator, Commodity Futures Trading Commission has launched legal action about a recently discovered Bitcoin scheme worth somewhere around $147 million. The allegation was against a United Kingdom-based company called Control-Finance Ltd, which had already defrauded as many as one thousand investors of at least 22,000 Bitcoins. The CFTC does not shy away from names and mentions Benjamin Reynolds, who had been directly involved with Control-Finance Ltd and participated in the exploitation of the crypto craze from May 2017 until only recently being discovered. The scheme was your run of the mill pyramid scheme, where the company