Federal Judge Undecided in Crypto Fraud – Bitcoints

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Published on July 12th, 2018 | by bitcoin

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Federal Judge Undecided in Crypto Fraud

Federal Judge Undecided in Crypto FraudThe U.S. regulator is seeking a permanent injunction against McDonnell, who allegedly defrauded investors out of nearly $500,000, according to a lawsuit the CFTC filed in January.
Indeed, Weinstein expressed concern about the case’s conclusion, stating that the proceedings were “in effect…a criminal case” at multiple points during the first three days.
A preponderance is a lighter burden of proof than would be seen in a criminal case, he noted.
Weinstein further noted that McDonnell could object to the case against him based on the burden of proof.
And rather than having him testify, the CFTC showed clips of a video deposition recorded last month in connection with the case.

Source: Www.coindesk.com

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