Crypto Ponzi Case: Seventh Circuit Affirms CFTC Penalties Against Donelson
CFTC Crushes Crypto Trader in Landmark Securities Dodge. The Seventh Circuit just handed the Commodity Futures Trading Commission a massive win, upholding penalties against crypto trader James A. Donelson for fraudulently peddling unregistered commodity interests in virtual currencies. Donelson thought he could skirt SEC oversight by framing his scheme as pure commodities, but the court…
