CFTC: Responsible for $147M Crypto Scam Untraceable

The Federal Bureau of Investigation (CFTC) said earlier this week that it did not see Benjamin Reynolds' role in the $147 million cryptocurrency scam. The CFTC is currently seeking a court ruling without finding anyone. Benjamin Reynolds is the managing director of Financial Management, a British cryptocurrency investment firm that claims to have earned 22,859 Bitcoin from over 1,000 users during CFTC operations in May and September 2017. Financial Management attracts investors by promising 45% of companies' monthly returns. In a letter Monday to the District Court for the Southern District of New York in the same district of Wall Street, the CFTC said it was preparing a "significant decision" against the Reynolds. Closed plans will be submitted by August 20, 2020.