CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets

In line with the criticism, from September 2017 via January 2018, Vista falsely marketed that it will commerce prospects’ digital belongings and earn a 2.5% each day return or “double in simply 80 days.” The corporate stated it will commerce prospects’ bitcoin and ether utilizing “Robotic Merchants” that the CFTC stated it by no means had entry to, and as an alternative engaged in a Ponzi scheme with new and outdated buyer funds.