The United States Commodity Futures Trading Commission (CFTC) has provided an update regarding its action against fraudulent cryptocurrency scheme Control-Finance and its director Benjamin Reynolds. On Monday, July 6, 2020, the regulator submitted a Letter with the New York Southern District Court. The document, seen by FinanceFeeds, explains that the CFTC plans to move for a default judgment. The regulator has already secured a Certificate of Default against Reynolds due to his failure to plead or otherwise defend this action. In April, the Commission also filed a Notice of Voluntary Dismissal pursuant to Federal ... (full story)