US CFTC accuses Control-Finance and its directors of a $147 million encryption fraud program

According to Finance Feeds, on Monday, the US Commodity Futures Trading Commission (CFTC) accused Control-Finance Limited and its director, Benjamin Reynolds, of implementing a $147 million bitcoin fraud program. It is reported that Reynolds is accused of at least illegally embezzling over 22,858.822 bitcoins of over 1,000 users.