Former CEO Sentenced to Two Years Behind Bars for ‘Cherry-Picking’ Scheme Involving Crypto Futures Contracts

The former chief executive of an investment firm has been sentenced to two years in prison for a “cherry-picking” scheme involving crypto derivatives. In a new press release, the U.S. Department of Justice (DOJ) says that US-Russian national Peter Kambolin, the founder of Systematic Alpha Management (SAM), operated a $1.6 million cherry-picking scam where he […] source: https://dailyhodl.com/2024/01/22/former-ceo-sentenced-to-two-years-behind-bars-for-cherry-picking-scheme-involving-crypto-futures-contracts/