The U.S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds, for a $147,000 Ponzi scheme involving Bitcoin. Regulators have so far failed to locate the defendants. CFTC: Defendants Exploited Public Enthusiasm for Bitcoin Regulators allege that the defendants’ illegal trading activities resulted in the defrauding of its customers for thousands of bitcoin, worth millions of US dollars. In the U.S., the caseRead More The post appeared first on Bitcoinist.com.