Tennessee Couple Allegedly Defrauded Over 100 Victims in $6 Million Commodity Pool Scam
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The CFTC has filed a July 25 complaint in the US District Court against Michael and Amanda Griffis, two residents of Clarksville, Tennessee. The agency accuses them of defrauding over 100 people nationwide in a massive commodity pool scheme from July 2022 to January 2023. The defendants allegedly convinced more than 100 people to contribute over $6 million to the “Blessings of God Thru Crypto” commodity pool. They promised high returns, claiming to trade “crypto futures” on the “Apex Trading Platform” with guidance from someone called “Coach Wendy.” The defendants then reputedly leveraged their personal and professional relationships to give
Introduction Stephen Ehrlich, former executive leader of the now-insolvent firms collectively referred to as Voyager, has been ensnared in a substantial legal turmoil. The CFTC has lodged a lawsuit against him in the U.S. District Court for the Southern District of New York, amidst allegations of duplicitous dealings and regulatory…
Tron founder Justin Sun quietly intervened to stabilize TrueUSD (TUSD) stablecoin after its reserves faced a significant liquidity crisis despite publicly distancing himself, according to recent Hong Kong court filings. Techteryx, which acquired TrueUSD in December 2020, entrusted First Digital Trust (FDT), a fiduciary based in Hong Kong, with managing…
Tron founder Justin Sun quietly intervened to stabilize TrueUSD (TUSD) stablecoin after its reserves faced a significant liquidity crisis despite publicly distancing himself, according to recent Hong Kong court filings. Techteryx, which acquired TrueUSD in December 2020, entrusted First Digital Trust (FDT), a fiduciary based in Hong Kong, with managing…