A Tennessee couple, Michael and Amanda Griffis, have been fined $6.8 million by the Commodity Futures Trading Commission (CFTC) for operating a fraudulent crypto trading scheme named 'Blessings Thru Crypto.' The scheme deceived at least 145 investors by promising returns through a non-existent overseas platform. The CFTC's order includes $5.5 million in restitution and $1.3 million in civil penalties, and it prohibits the couple from participating in CFTC-regulated trading activities. This case underscores the dangers of unregistered investment pools and the necessity for investor due diligence.
Tennessee Couple Fined $6.8M for Crypto Fraud Scheme
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