US CFTC accuses Circle Society of implementing fraudulent cryptocurrency scheme

The US Commodity Futures Trading Commission (CFTC) today accused the "Circle Society" of implementing a fraudulent cryptocurrency program. Through social media and other channels, David Gilbert Saffron from Las Vegas has attracted the public to invest “bitcoin and dollars” into a pool of funds, which in turn can be used to trade binary options and foreign exchange products. . The fraud plan will last at least from December 2017 until September 2019. David's business is not only not registered with the relevant US regulatory agencies, but also does not connect investors to legitimate exchanges.