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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.

By Nikhilesh De

Updated Sep 13, 2021, 12:17 p.m. Published Feb 11, 2020, 8:59 p.m.

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)