Posts Tagged ‘Ponzi Scheme’

  • Arizona Trader Pays $2.5 Million for Role in Commodity Pool Ponzi Scheme

    A commodity trading advisory company based out of Mesa, Arizona, as well as its proprietor, have been permanently banned from any future trading activity following a complaint by the U.S. Commodity Futures Trading Commission (CFTC), which unveiled an array of fraudulent practices that were regularly employed in attempts to execute the Ponzi-style scheme. Draven LLC […]

  • Bitcoin Futures Flourish Under CFTC Approval, but Danger Still Looms

    It is no secret that Bitcoin is on the rise; the cryptocurrency has gained a significant amount of momentum since its introduction to the market in 2009, popular for being the first digital currency that operates without a central bank. Though many seem to be under the impression that it is no more than a […]