By CryptoNews - 8 months ago - Reading Time: 1 minutes
Former CEO of Miami Investment Firm Pleads Guilty to Crypto Futures Fraud Conspiracy
The former CEO of Systematic Alpha Management LLC (SAM) pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts, and he is potentially facing up to a five-year prison sentence.On October 13, the United States Department of Justice said that Peter Kambolin, the former CEO of a Miami-based investment firm, was charged with operating a “cherry-picking” scheme, which he pleaded guilty to....
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Original source: CryptoNews