CFTC Charges Two Individuals With Multi-Million Dollar Digital Asset Pump-And-Dump Scheme – First Manipulative Scheme Charged By CFTC Involving Digital Assets
The Commodity Futures Trading Commission today filed a complaint in the U.S. District Court for the Southern District of New York charging businessman and computer programmer John McAfee, previously of Tennessee, and his former employee Jimmy Gale Watson, previously of California, for engaging in a manipulative and deceptive digital asset “pump-and-dump” scheme.
