The U.S. Commodity Futures Trading Commission sent a Bitcoin trader to prison and fined him more than $1 mln for a fraudulent Bitcoin and Litecoin trading schemeArizona resident Joseph Kim admitted to cheating investors out of hundreds of thousands of dollars after misappropriating more than $600 thousand of his previous employer’s money, according to a press release.
In the period from September to November 2017, Kim got Bitcoins and Litecoin
from his employer, a trading company in Chicago, from their personal accounts, resulting in company losses amounting to $601 thousand.
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