The CFTC plans to move for a default judgment after securing a Certificate of Default against Reynolds, and a Notice of Voluntary Dismissal.
Investing in digital currency remains illegal in Vietnam, and those who encourage people to invest in schemes are considered offenders.
The regulator flagged three firms, Forsage, RCashOnline and The Saint John of Jerusalem Knights of Malta Foundation of the Philippines, Inc.
The exchange, also operating under Cryptopoint and XtraderFX, solicited investment online through ads on social media platforms.
The SEC is pressing charges including money laundering, wire fraud, and aiding and abetting in an unregistered digital securities sale.
Threat from fraud is most acute in digital currency and forex markets, where people were unwittingly falling for scams.
The dubious digital currency trading program claims to have the backing of celebrities, entrepreneurs and government officials.
The scammers streamed a pre-recorded video of the Sony PlayStation 5 reveal event to lure in unsuspecting individuals.
Idoneus is right to tokenize fine art, but they don’t need their own token or platform to facilitate such luxury transactions.
The digital currency exchange’s downfall ‘resulted from fraud’ committed by CEO Gerald Cotton, according to Ontario regulator.
The South African scheme has been the subject of investor fury after CEO and owner Willie Breedt vanished owing millions to investors.