The Commodity Futures Trading Commission (CFTC) issued an order today simultaneously filing and settling charges against Jacob Orvidas. The order finds Orvidas fraudulently solicited at least four people (pool participants) to trade leveraged bitcoin in a commodity pool, lost almost all funds trading, and then lied to pool participants about the losses and the availability of their money. The order also finds Orvidas failed to register as a commodity pool operator. From approximately October 2017 through at least July 2020, Orvidas fraudulently solicited at least four pool participants to trade leveraged bitcoin on ... (full story)