On the heels of two enforcement actions announced late last week, the U.S. Commodity Futures Trading Commission has announced fraud charges against yet another company operating in the virtual currency space.
The enforcement action alleges that Las Vegas-based My Big Coin Pay Inc., a virtual currency wallet and platform, misappropriated more than $6 million from its customers for “personal expenses and the purchase of luxury goods,” including a home, jewelry and fine art.
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