Bitcoin fund fined $2.5 million
New York federal court fined hedge fund Gelfman Blueprint Inc along with its CEO Nicholas Gelfman for $ 2.5 million. According to local media, the fund organized a Ponzi scheme, that is, a fraudulent scheme, according to which customers are promised high returns and minimal risk. According to the information on the company’s website, in 2015, the fund had 85 customers. The fund managed a total of 2367 bitcoins. Last September, the US Commodity Futures Trading Commission (CFTC) already accused Gelfman Blueprint Inc of fraud and found …
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