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Another One Bites The Dust: Federal Court Bags $2.5M Bitcoin Ponzi Scheme

by financemagnates.com posted 8months ago 56 views
Gelfman Blueprint Inc. and CEO Nicholas Gelfman misappropriated customers' funds for years. : On Thursday, October 18, a Federal Court in New York officially ordered a $2.5 million fine on Gelfman BluePrint, Inc. (GBI), and Nicholas Gelfman, the company’s CEO. GBI has been operating as a Bitcoin hedge fund since it was incorporated in 2014, and had as many as 85 users and 2,367 BTC under its management as of 2015. The US Commodity Futures Trading Commission (CFTC) originally came after the company in September of last year.

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