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Complete Story
11/05/2019
https://cointelegraph.com/news/court-orders-4m-in-penalties-for-investment-fraud-involving-atm-coin
Cointelegraph.com
A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin.
Case first brought by the CFTC in April 2018
On Nov. 1, the United States Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Eastern District of New York has entered an order against several entities for committing fraud and misappropriating client funds.
The defendants include Blake Harrison Kantor and Nathan Mullins as well as four related corporate entities: United Kingdom-based Blue Bit Banc, Turks and Caicos-located Blue Bit Analytics and two firms from New York — Mercury Cove and G. Thomas Client Services.
Binary option scam involving ATM Coin cryptocurrency
Brought in connection with the CFTC’s Division of Enforcement’s Virtual Currency Task Force, the case was initially filed by the CFTC on April 16, 2018. At the time, the regulator charged the defendants with fraud in connection with a binary options scam involving a virtual currency dubbed ATM Coin.
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