Benjamin Reynolds claimed he and his company would make all customers whole by returning their Bitcoin deposits, minus any prior payments, by late October or November 2017. In reality, they laundered nearly one hundred fifty million dollars in misappropriated Bitcoin through thousands of circuitous blockchain transactions. The U.S. District Court for the Southern District of New York has found Benjamin Reynolds guilty of soliciting Bitcoin and misappropriating customers’ assets in a fraudulent scheme under the business name of Control-Finance Limited. The case, brought in connection with the CFTC’s Digital Assets ... (full story)