Day: May 1, 2023

Written by FinCrime

‘Operation Choke Point 2.0’ Is SEC’s ‘Chemotherapy’ for $14B Ponzi Problem, BCB’s CEO Says

Reported by By Aoyon Ashraf Operation Choke Point 2.0,” the alleged coordinated efforts by the Biden administration to cut the cryptocurrency industry off from the U.S. banking sector, is the Securities and Exchange Commission’s “chemotherapy” for a $14 billion “Ponzi cancer,” said Oliver von Landsberg-Sadie, founder and CEO of crypto banking firm BCB Group. He […]

Written by FinCrime

US CFTC charges Fisher Capital with investment fraud targeting older adults

Reported by Reuters The Commodity Futures Trading Commission (CFTC) on Tuesday filed a civil enforcement action against Fisher Capital and its owner, Alexander Spellane, alleging it perpetrated a precious metals investment fraud targeting older adults. The Los Angeles-based dealer of precious metals defrauded “hundreds of elderly persons into investing more than $30 million in gold […]