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CFTC Takes Action Against Crypto Scams, Including $21 Million Ponzi Scheme and Romance Scam Defrauding $1.3 Million

June 25 (Cointime) - The United States Commodity Futures Trading Commission (CFTC) has been actively fighting against cryptocurrency scams this week.

William Ichioka from New York pleaded guilty to multiple fraud charges for running a crypto Ponzi scheme, while Justby International Auctions was sued by the CFTC for operating a romance scam that defrauded customers of over $1.3 million USD. The CFTC seeks compensation for victims, a monetary penalty, and permanent trading bans. The FBI warned earlier this year that romance scams were increasingly pressuring victims to invest in crypto, and the CFTC has issued its own warning against digital asset romance scams.

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