Oh well, they’ve paid the big price for committing fraud to their clients. I haven’t heard of ATM coin yet by the way.
Can you guys verify that this is the one that they’re talking about?
https://coinmarketcap.com/currencies/atmcoin/. Or is it different than this?
Here are the first two paragraphs of the news article:“A New York Court has charged the founders of ATM Coin with committing fraud and misappropriating client funds, ordering them to pay $4.25 million to settle the case. Four companies associated with ATM Coin have also been charged.
The U.S. District Court for the Eastern District of New York has ordered Blake Harrison Kantor and Nathan Mullins, in addition to four associated companies, to pay $4.25 million stemming from charges of fraud and misappropriation of funds. The case was first launched by the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Virtual Currency on April 16, 2018.”You can find more information about this news right
here.
What can you say about this recent news guys? I would love hearing your feedback about this. Thanks!
When I read about news like this, I just have this sense of delight because it shows that someone is watching and people are being brought to face the responsibility of their actions and when that happen, the people involved if they are convicted of wrong doing, it just becomes part of their records for life unless they are able to obtain a presidential pardon though. Without knowing the details of the case or when it started, I am sure reprieve must have come the way of the victims that have been affected by the actions of some people who think they can take others for granted.
It should also be a message to people not to be ruled by the motive for profit making and forget the signals to fraud and some ventures that should be avoided in all totality and in this case binary options top the list.
