Longmont Bitcoin Ponzi Schemer Fined $1.9M, But Has Disappeared

July 25, 2018

 

LONGMONT, CO – A Longmont man who ran an online Bitcoin investment scheme that allegedly bilked up to 600 investors of $1.2 million was ordered July 9 in federal court to pay more than $1.9 million in penalties and restitution.

But Dillon Dean, 26, has disappeared.

Judge Sandra J. Feuerstein, of the U.S. District Court for the Eastern District of New York, filed a default judgment against Dean and his company, The Entrepreneurs Headquarters Limited, (TEH) after ruling that Dean engaged in "a fraudulent scheme to solicit Bitcoin from members of the public, misrepresented that customers' funds would be pooled and invested in products including binary options, and misappropriated pool participants' funds," the ruling said. Dean also failed to register his British-based company with the Commodity Futures Trading Commission, the ruling said.

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