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Feds sue over alleged bitcoin Ponzi scheme

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The U.S. Commodity Futures Trading Commission yesterday announced it's suing a New York man and his company for allegedly committing a bitcoin Ponzi scheme.

The suit against Nicholas Gelfman and his fund Gelfman Blueprint Inc. marks the first time the agency has filed a fraud suit involving bitcoin.

The agency alleges Gelfman and his fun "fraudulently solicited more than $600,000 from approximately 80 persons."

Read more from CNNMoney.

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