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CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M

CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M

CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M

The CFTC alleged Florida resident Alan Friedland defrauded investors out of $1.6 million, promising returns through his “Compcoin” token and an algorithmic trading software which never materialized.

The CFTC alleged Florida resident Alan Friedland defrauded investors out of $1.6 million, promising returns through his “Compcoin” token and an algorithmic trading software which never materialized.

The CFTC alleged Florida resident Alan Friedland defrauded investors out of $1.6 million, promising returns through his “Compcoin” token and an algorithmic trading software which never materialized.

By Danny Nelson

Apr 16, 2020, 8:08 PM

Updated Sep 14, 2021, 8:30 AM

Compcoin brought in $1.6 million, the CFTC claimed, and even managed to get listed – temporarily – on digital asset exchanges during its sale from 2016 through 2018. (CFTC Chair Heath Tarbert image via CoinDesk archives)

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