🚨Crypto firm Jafia LLC and owner Sam Ikkurty are ordered to pay $84M for running a Ponzi-like scheme. The US District Court in Illinois ruled in favor of a lawsuit by the Commodity Futures Trading Commission (CFTC) after the fund's collapse in 2022. Ikkurty, based in Portland, Oregon, made false claims about his firm's hedge funds, promising high, stable profits. Instead, he used new investors' funds to pay earlier ones. The court found Ikkurty misused investment funds for personal use, violating CFTC regulations.💸 What are your thoughts on this? Share in the comments!