Share this article

CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M

The CFTC alleged Florida resident Alan Friedland defrauded investors out of $1.6 million, promising returns through his “Compcoin” token and an algorithmic trading software which never materialized.

By Danny Nelson

Updated Sep 14, 2021, 8:30 a.m. Published Apr 16, 2020, 8:08 p.m.

Compcoin brought in $1.6 million, the CFTC claimed, and even managed to get listed – temporarily – on digital asset exchanges during its sale from 2016 through 2018. (CFTC Chair Heath Tarbert image via CoinDesk archives)