A Ponzi scheme is a type of investment fraud whereby original investors are paid with funds collected from new investors.
Giri is accused of engineering and perpetuating a scheme designed to dupe investors interested in digital assets, according to CFTC Commissioner Kristin N. Johnson. The CFTC alleges Giri violated commodities laws and regulations that prohibit the manipulation of information and"deceptive devices." Johnson, in her statement, said that Giri used investors' money to fund a lavish lifestyle"characterized by use of private jets, yacht rentals, an extravagant vacation home, a luxury car and expensive clothing."
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Observations from Watching A Full Ohio State Practice for the First Time in 2022Cameron Brown and JK Johnson split first-team cornerback reps and Julian Fleming ran with the starting receivers as we got a closer look at Ohio State’s depth chart on Thursday.
Source: 11W - 🏆 384. / 55 Read more »
Armed man flees after trying to break into Cincinnati FBI office; I-71, nearby buildings locked downBREAKING NEWS - News 5's AirTracker is heading to the Cincinnati area now. Stay tuned for the latest on this developing situation. Of course there is no context, so they can pretend this might be linked to some 'right wing' hit piece they will all download like good NPC propagandists.
Source: WEWS - 🏆 323. / 59 Read more »
Armed man tried to breach FBI's Cincinnati building, authorities sayPolice were locked in a standoff on Thursday with an armed man who tried to breach the FBI building in Cincinnati, Ohio, earlier in the day before fleeing and…
Source: TheStarPhoenix - 🏆 253. / 63 Read more »
Man with rifle and body armor tries to break into FBI office: PoliceNEW: Officers exchanged gunfire with a suspect who allegedly attempted to break into the FBI Cincinnati office and later fled after he was 'unsuccessful,' officials say. 'The scene is still active and there is still an active standoff situation.' What are the chances that the armed maniac attacking the Cincinnati FBI is an Alex Jones listener? Who you going to call ghostbusters Like Whitmer? ... to scare/silence the public? the kind of stuff dictatorships do?
Source: ABC - 🏆 471. / 51 Read more »
Standoff ends after armed man allegedly tried to break into Cincinnati FBI officeLATEST: An hourslong standoff between law enforcement and an armed man who allegedly tried to break into the FBI's Cincinnati office has ended, officials say. TOhddk
Source: ABC - 🏆 471. / 51 Read more »
Man with rifle and body armor tries to break into FBI office: PoliceCINCINNATI — Ohio state troopers and the FBI are pursuing a man who allegedly tried to break into the FBI's Cincinnati office on Thursday. Fed breaks into Federal building.
Source: WOKVNews - 🏆 247. / 63 Read more »