
Bitcoin Ponzi Schemer Ordered To Pay $2.5 Million As Feds Crack Down On Crypto Scams
A New York federal court has ordered Nicholas Gelfman to pay $2.5 million in fines and restitution for operating a Ponzi scheme through his Staten Island, New York-based Gelfman Blueprint Inc. It’s the first bitcoin-related fraud case for the CFTC. Between 2014 and 2016, Gelfman collected more than $600,000 from 80 investors by promising “7%

