CFTC First Bitcoin Enforcement

On Oct. 18, 2018, CFTC said court ordered CEO and firm pay $2.5mn for the Ponzi.

  • Gelfman was liable as controlling person for company, which was itself liable as the principal for the violation of Gelfman and company officers, agents, and employees.
  • Gelfman and GBI to pay $554k and $492k to customers,1.8mn and $177k civil fine.