đ¨ Crypto Drama Alert! đ¨
- The CFTC has slapped New Yorker William Koo Ichioka with a whopping $36M fine for allegedly pulling a Houdini on investors' funds.
- Promised 10% returns every 30 days since 2018, but instead splurged on rent, bling, and luxury rides.
- $31M goes back to the duped investors, and $5M is a civil penalty.
- This comes after a 2023 court ban on Ichioka from trading in CFTC-regulated markets.
- Regulators are cracking down hard on false return promises, with other cases popping up like mushrooms after rain.
Stay savvy, crypto fam! đ
