{"id":13557,"date":"2022-05-13T07:50:17","date_gmt":"2022-05-13T07:50:17","guid":{"rendered":"https:\/\/harchi90.com\/cryptocurrency-trader-sentenced-for-commodities-fraud\/"},"modified":"2022-05-13T07:50:17","modified_gmt":"2022-05-13T07:50:17","slug":"cryptocurrency-trader-sentenced-for-commodities-fraud","status":"publish","type":"post","link":"https:\/\/harchi90.com\/cryptocurrency-trader-sentenced-for-commodities-fraud\/","title":{"rendered":"Cryptocurrency trader sentenced for commodities fraud"},"content":{"rendered":"<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>MittGroup CEO Grant Mitterlehner discusses Bitcoin&#8217;s volatility, Coinbase losing nearly 2 million users in Q1 and regulating cryptocurrency.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>A cryptocurrency trader was sentenced to 42 months in prison for defrauding more than 170 victims.<\/p>\n<p>Jeremy Spence, who also went by the handle &#8220;Coin Signals,&#8221; previously pled guilty before US District Judge Lewis A. Kaplan, who imposed the sentence Wednesday.<\/p>\n<p><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n<p>The announcement came from Damian Williams, the United States Attorney for the Southern District of New York.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/343\/192\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/686\/384\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/672\/378\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/1344\/756\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/931\/523\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/1862\/1046\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/720\/405\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/1440\/810\/bitcoin2-blog-Reuters.jpg?ve=1&amp;tl=1 2x\"><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Illustartion of Bitcoin <\/span><span>  (REUTERS \/ Benoit Tessier \/ Illustration \/ File Photo \/ Reuters Photos)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Spence admitted to luring investors to his cryptocurrency investment scam with false returns of up to 148%.<\/p>\n<p><iframe class=\"cryptocurrency\" src=\"https:\/\/foxbusinessp.factsetdigitalsolutions.com\/ext\/fio\/foxbusinessportal\/factsheet-header\/XX:213086262\" id=\"facsetiframe\"> <\/iframe><\/p>\n<p>According to the allegations in court filings, investors who wanted to participate in a fund created by Spence would transfer cryptocurrency, such as Bitcoin and Ethereum, to him to invest it. <\/p>\n<p><strong><u>CLICK HERE FOR FOX BUSINESS &#8216;REAL-TIME CRYPTOCURRENCY PRICING DATA <\/u><\/strong><\/p>\n<p>Spence collected more than $ 5 million through false representations, including saying his crypto trading had been extremely profitable when, in fact, trading had been consistently unprofitable. <\/p>\n<p>Spence continued to raise money to fund his scheme by generating fictitious account balances, helping to hold off investor redemptions.<\/p>\n<p><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n<p>Spence used new investor funds to pay back other investors in a Ponzi-like fashion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MittGroup CEO Grant Mitterlehner discusses Bitcoin&#8217;s volatility, Coinbase losing nearly 2 million users in Q1 and regulating cryptocurrency. A cryptocurrency trader was sentenced to 42 months in prison for defrauding more than 170 victims. Jeremy Spence, who also went by the handle &#8220;Coin Signals,&#8221; previously pled guilty before US District Judge Lewis A. Kaplan, who &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/cryptocurrency-trader-sentenced-for-commodities-fraud\/\"> <span class=\"screen-reader-text\">Cryptocurrency trader sentenced for commodities fraud<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":13558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/0\/0\/bitcoin2-blog-Reuters.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/0\/0\/bitcoin2-blog-Reuters.jpg?ve=1&tl=1","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/13557"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=13557"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/13557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/13558"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=13557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=13557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=13557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}