United States of America: Lawsuit on digital asset commodities fraud (CFTC v Vista and Armen Temurian)
Progress
Current status
under deliberation
16 Feb 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced complaint against Vista Network Technologies and CEO Armen Temurian for alleged digital asset commodities fraud
On 16 February 2023, the Commodity Futures Trading Commission (CFTC) filed a complaint against Vista Network Technologies and its CEO Armen Temurian with the US District Court for the Eastern District of New York for fraudulent solicitation and misa…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body