South African CEO to Pay $3.4 Billion for Forex Fraud
A federal court in the United States has ordered Cornelius Johannes Steynberg, the South African CEO behind a $1.7 billion retail forex and commodity pool fraud, to pay a total of $3.4 billion. The amount comprises $1.7 billion in restitution payment to investors defrauded of about 30,000 Bitcoin (BTC) and another $1.7 billion in civil monetary penalty.Court Awards Record Penalty […]