Crypto Ponzi Scheme Busted: US Court Orders Hedge Fund Owner To Pay $84 Million

In the crypto world, a Chicago federal judge has ordered Sam Ikkurty, an Oregon resident, and his associated companies to pay over $120 million to victims defrauded in what the Commodity Futures Trading Commission (CFTC) has labeled a “classic Ponzi scheme.” The July 2nd ruling by Judge Mary Rowland marks a significant victory for the […] source: https://bitcoinist.com/crypto-ponzi-scheme-busted-us-court-orders-hedge-fund-owner-to-pay-84-million/