Latest Michael Ackerman News

CFTC US Commodity Futures Trading Commission finance and business concept

Business 3 July 2023

CFTC secures $54M default judgment against digital currency fraudster

The U.S. District Court for the Southern District of New York ordered Michael Ackerman to pay $27 million in restitution to victims and another $27 million as a civil monetary penalty for operating the scheme.

Business 13 September 2021

Michael Ackerman faces 20 years in jail after pleading guilty to $37M BTC scam

Ackerman is accused of luring investors with promises of 15% monthly returns on BTC trading, attracting over $37 million and made false claims while siphoning the funds.

Business 15 June 2020

CFTC requests entry of default against $33 million Q3 scam

The CFTC has filed a motion for an entry of default against Q3 and its founder. The firm scammed $33m from investors to purportedly trade digital currencies.