Cryptocurrencies
CFTC Wins Permanent Ban Against ‘Vicious’ Bitcoin Operator
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The Commodities Futures Trading Commission won a court order permanently banning a cryptocurrency promoter that a judge said preyed on investors in “a bold and vicious fraud.”
U.S. District Judge Jack B. Weinstein in Brooklyn, New York, had previously rejected arguments by Patrick McDonnell, operator of the Staten Island, New York-based CabbageTech Corp. that the CFTC didn’t have the authority to regulate his business.