U.S. regulator accuses head of defunct British bitcoin company of $147 million fraud
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NEW YORK (Reuters) - A U.S. commodities regulator has filed a lawsuit accusing a defunct British cryptocurrency company and its former principal of fraudulently misappropriating at least 22,858,322 bitcoin worth $147 million (£117.1 million) from more than 1,000 customers.In a complaint filed on Monday, the U.S. Commodity Futures Trading Commission said Control-Finance Ltd and Benjamin Reynolds "exploited public enthusiasm" for bitcoin by falsely representing that their "expert" traders could..