CFTC sues crypto pool operator over alleged $14M fraud
The post CFTC sues crypto pool operator over alleged $14M fraud appeared on BitcoinEthereumNews.com. The CFTC has sued a North Carolina man and his company over an alleged commodity pool fraud tied to crypto and futures trading. Summary CFTC says Argent Capital solicited $14.8 million while hiding losses from at least 60 investors. The complaint links Bitcoin, Ether, futures, options, false statements, registration failures, and alleged misused funds. The case lands as CFTC faces wider questions over crypto oversight, resources, and derivatives rules. In a July 7 press release, the Commodity Futures Trading Commission said it filed a civil enforcement action against Trevor Vernon and Argent Capital Management LLC. The agency said the pool traded equity index futures, options on equity index futures, Bitcoin, Ether, and other crypto assets. The complaint says Vernon and Argent Capital solicited more than $14 million from at least 60 participants from March 2022 to February 2026. The CFT