CFTC Brings Charges in Crypto Ponzi Scheme Case

The CFTC charged Jeremy Spence with soliciting $5 million in a digital asset Ponzi scheme involving cryptocurrencies like bitcoin and ether. Mr. Spence admitted to customers that he engaged in “lies and deceit”, according to the CFTC’s press release, and faces charges of misrepresentation of profitability, misappropriation of funds, and keeping false performance records.

Investors should be wary of fraudulent brokers and investment firms by acting on signs of misconduct, such as a refusal to show financial records and breaches of financial duties to shareholders. Speaking to a securities attorney will help guide you through what actions to take to prevent further damages from occurring and pursue recovery in all state and federal jurisdictions.

If you have been harmed by investment fraud or other misconduct involving traditional securities or digital assets, speak to an experienced attorney at the Warren Law Group today for a free assessment of your case: (866) 954-7687 or email



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