The CFTC Can’t Find the Leader of a Near $150 Million BTC Scam
The Commodity Futures Trading Commission (CFTC) says it is having trouble locating a man named Benjamin Reynolds, a person allegedly responsible for a bitcoin theft of $147 million or more. As the director of the cryptocurrency investment firm Control Finance in the United Kingdom, Reynolds initially sought to get people on board by guaranteeing returns of 45 percent or more on whatever they invested.
Following numerous complaints, the CFTC finally decided to act against Reynolds and Control Finance, claiming that the company operated through shady tactics and built a scam that was worth more than $140 million by the time 2017 came to a close. As Reynolds is missing in action, the CFTC has had no choice but to serve legal notices through general newspapers in the United Kingdom where he is allegedly based, hoping that he gets wind of his “wanted state” this way.
