Bitcoin Declared a Commodity: Ninth Circuit Upholds CFTC Fraud Victory
CFTC Crushes Crypto Trader in Landmark Fraud Win The Ninth Circuit just handed the CFTC a major victory, upholding a lower court’s ruling against James Devlin Crombie for fraudulently selling 5,100 bitcoins worth $5.6 million in 2011. Crombie, who promised investors steady returns via a bitcoin Ponzi scheme disguised as futures trading, now faces disgorgement…
