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US Watchdog Takes Action in $12m Ponzi Scheme with Bitcoin

Bankless Times LogoBankless Times1 mo ago

US Watchdog Takes Action in $12m Ponzi Scheme with Bitcoin - Bankless Times

Quick Summary:

A cease-and-desist order was filed at the Southern District of Ohio on August 12 against Rathnakishore Giri and SR Private Equity LLC and NBD Eidetic Capital LLC, his two companies.

He has been accused of running a $12 million Ponzi scheme involving bitcoin, CoinDesk reported.

The CFTC has accused Giri of violating laws on commodities and regulations that ban the manipulation of information.


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Article Details

Author / Journalist: Daniela Kirova

Category: CryptoTechnology

Topics: Private Investors Financial Investment Giri Risk Trading Cftc Digital Other Funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-13, 12:09:28

News Timezone: GMT +8:00

News Source URL: banklesstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 650 words

Coverage Area: Canada

Availability: Desktop Web, Mobile Web

News ID: 135129

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About Bankless Times

Bankless Times Logo

Main Topics: CryptoTechnology

Official Website: banklesstimes.com

Update Frequency: 4 posts per day

Year Established: 2011

Headquarters: Canada

News Last Updated: 1h ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #29

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