The CEO of an investment firm has been handed a two-year prison term by United States authorities for his role in a fraudulent cryptocurrency scheme.
What Happened: Peter Kambolin, the executive of Systematic Alpha Management, was found guilty of conducting a “cherry-picking” scam that cheated investors by misallocating profitable trades.
source: https://www.benzinga.com/markets/cryptocurrency/24/01/36732668/deceptive-cherry-picking-crypto-scam-results-in-2-year-jail-term-for-investment-firm-ceo?utm_campaign=partner_feed&utm_source=cryptopanic.com&utm_medium=partner_feed&utm_content=site