The Commodities Futures Trading Commission has sued two individuals and two companies for alleged commodities law violations and fraud in the cryptocurrency market.
The first case is against Dillon Michael Dean of Longmont, Colo., and his U.K.-registered company, the Entrepreneurs Headquarters Ltd. for allegedly soliciting at least $1.1 million from 600 investors in Bitcoin while failing to register with the CFTC.
The second case is against Patrick K. McDonnell, of Staten Island, N.Y., and his New York-based corporation CabbageTech, Corp. The case involves allegations of solicitation of Bitcoin, Litecoin and cash in exchange for investment advice. Both cases were filed ...
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