CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam

According to the CFTC, Ichioka ran a fraudulent scheme from 2018 to 2021 where he took money from more than a hundred individuals to trade digital asset commodities, including bitcoin (BTC) and ether (ETH), with the promise of a 10% return within 30 business days. Ichioka also maintained that participants could easily withdraw or reinvest their funds.

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