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In the U.S. Commodity Futures Trading Commission’s first anti-fraud enforcement action involving bitcoin, a federal judge in New York has ordered bitcoin-denominated hedge fund CEO Nicholas Gelfman and his company, Gelfman Blueprint Inc. (GBI), to pay over $2.5 million in fines and restitution for operating a Ponzi scheme in which he claimed he could yield high returns, the CFTC announced Thursday.

Dan Clark

Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.

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