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US Authorities Charge Crypto 'Trading Club' Operators With Defrauding 150 Investors

Michael Ackerman and unnamed business partners allegedly defrauded investors of $33M in a crypto-trading scheme targeting doctors.

Michael Ackerman and two unnamed business partners allegedly defrauded more than 100 investors by claiming to generate "extraordinary profits" with a crypto trading algorithm, and doctoring data to hide the deception. (Image via Shutterstock)
Michael Ackerman and two unnamed business partners allegedly defrauded more than 100 investors by claiming to generate "extraordinary profits" with a crypto trading algorithm, and doctoring data to hide the deception. (Image via Shutterstock)