The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado. Dean’s company, The Entrepreneurs Headquarters Limited, is apparently registered in the UK. The documentation filed in the UK indicates a sizable valuation of the company that was registered in April of 2017. The allegations charged by the CFTC include fraud associated with a plan to solicit Bitcoin from investors, misrepresentation of customers funds use, Ponzi-style payments and failing to registers with the CFTC as a Commodity Pool Operator (CPO) and Associated Person of a CPO, as required.
A quick trip to the website of the defendants shows a claim of paying out over $500,000 in the first 4 months.
This case was brought by the recently constituted CFTC Division of Enforcement Virtual Currency Task Force.