U.S. CFTC sues suspect over cryptocurrency Ponzi scheme scam

The US Commodity Futures Trading Commission (CFTC) is suing a suspect in a Ponzi scheme. According to the press release, Breonna Clark and its companies Venture Capital Investments Ltd. and Life Group raised a total of $ 534,829 from 72 victims and promised to invest the funds in Bitcoin, altcoins and foreign exchange contracts. However, Breonna used about $ 400,000 for personal purposes, including buying a BMW.