A US judge has ordered a South African executive to pay more than $3.4-billion (R62.3-billion) in restitution and fines for a fraud scheme involving Bitcoin the highest-ever civil monetary penalty in any US Commodity Futures Trading Commission case.
The CFTC won a judgment that sees the operator of a fraudulent Bitcoin scheme pay $3.4 billion in penalties in what the regulator claims is the "highest civil monetary penalty" ordered on one of its cases.
A federal judge in Texas has ordered the head of a South African firm to pay $3.4 billion in connection to a Bitcoin fraud case. Cornelius Johannes Steynberg…
A federal judge in Texas has ordered the head of a South African firm to pay a whopping $3.4bn (R62.35bn) for what the US commodities regulator said was its largest ever fraud case involving bitcoin.
US court orders South African firm s CEO to pay $3 4bln for bitcoin fraud zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.