US regulator blacklists Colorado trader for orchestrating $1.5M Bitcoin scam
A man in the US has been barred from trading following his alleged involvement in a Bitcoin scam that resulted in losses of approximately $1.5 million in investors’ funds. The Financial Industry Regulatory Authority (FIRA) – a non-governmental organization that regulates member brokerage firms and exchange markets – looked into claims that Daniel Todd Levine, of Englewood (Colorado), offered investors a chance to buy discounted Bitcoin in return for significant returns on their investment. According to CNBC, the plan was that Levine’s brother would buy Bitcoin from an overseas private seller at a discounted rate of 60 percent to 90 percent. Levine was expecting to…
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