The US Commodity Futures Trading Commission (CFTC) has filed a set of civil lawsuits against The Entrepreneurs Headquarters Ltd, alleging the company ran a get-rich-quick cryptocurrency scam.

According to the CFTC, the civil enforcement action, filed on 18 January, is designed to take UK-registered Entrepreneurs Headquarters to task for defrauding customers out of roughly $1.1 million in Bitcoin (BTC).

Entrepreneurs Headquarters CEO Dillon Michael Dean from Longmont, Colorado and his company are accused of “engaging in a fraudulent scheme to solicit Bitcoin from members of the public” by misrepresenting their funds would be pooled and invested in products including binary options.

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