The U.S. regulator has banned trader Bitcoin for fraud for $ 1.5 million

The U.S. regulator has banned trader Bitcoin for fraud for $ 1.5 million

The American trader was forbidden to engage in trade operations in connection with the fraudulent manipulation of the bitcoin to $ 1.5 million.

Regulatory authority of the financial services industry (FIRA) is a non-governmental organization that regulates brokerage firms and exchange markets in the United States with 1939, considered the statement that Daniel Todd Levine (Daniel Todd Levine) of Englewood (Colorado) has suggested investors to buy Bitcoin at a significant discount, promising a good profit in exchange for a portion of the proceeds from the investment, and issued its disappointing decision.

Investors who trusted the trader is counting on the fact that the brother of Levine buy them for Bitcoin foreign private seller at a rate below market at 60% to 90% (we all know that in Europe you can find anything at a reasonable price). According to the documents, as a result of these transactions, Levine expected to receive commissions in the amount of about $ 2 million. It is known that investors transferred about 1.5 million dollars brother Levine, living in Europe, who, reportedly, after receiving the transfer off with the money.

Levine previously worked at Morgan Stanley, but in the middle of last year, was forced to resign as the company learned about the accusations against him and began to explore this question. From there, Levin went in First Financial Equity, but was dismissed for having allegedly did not disclose the current regulation against it.

Levine has managed to pay part of the funds to unsuspecting investors, but the total amount of compensation is unknown. It is not acknowledged and did not deny his guilt but signed a consent in connection with the order prohibiting participation in the securities industry in the state of Colorado.

The U.S. state Colorado are known for their goodwill towards the cryptocurrency. Recently, the Governor of the state of Jared Polis, a big fan of Bitcoin, has approved the “Law on digital tokens”, which displays the cryptocurrency from the scope of the securities laws subject to certain conditions and exempt cryptocurrency brokers, dealers and sellers from the requirements of mandatory state licensing.

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