Getting involved, then pretending it never happened — that excuse didn't fly in court. Two defendants were first implicated in a cryptocurrency fraud scheme tied to Fundsz, and after the fact, tried to retract and downplay their roles in it. But the U.S. Commodity Futures Trading Commission (CFTC) wasn't buying it.
According to the CFTC, the two defendants had been involved in the Fundsz-related crypto scam and later tried to distance themselves from their earlier conduct. The court ultimately sided with the CFTC, handing down a ruling of over $30 million, bringing the case to a close.
Details such as the court handling the case, the defendants' names, the specifics of how the Fundsz platform operated, and the exact date of the ruling have not yet been further disclosed publicly.
