“Exploring the Exciting World of Cryptocurrency: A Beginner’s Guide”

🌟 Big news in the world of cryptocurrency! 🌟

🚨 Former New York Stock Exchange broker, Michael Ackerman, has been ordered to pay a hefty $54 million fine by a federal court for his involvement in a crypto fraud scheme. 🙅‍♂️

🔴 Ackerman has also been banned from trading in any markets supervised by the financial watchdog after defrauding nearly 150 investors and falsely promising high returns totaling $33 million. 😱

➡️ Initially pleading not guilty to the charges, Ackerman eventually changed his plea in September 2021. Now, the final order has been signed, closing the CFTC enforcement case against him. 💼

➡️ The CFTC has mandated that Ackerman must pay $27 million in restitution to the victims of the fraud and an additional $27 million as a civil monetary penalty. 💰

➡️ Operating through his company Q3 Holdings from August 2017 to December 2019, Ackerman deceived investors by promising them a whopping 15% monthly return on their investments. 📈

Stay tuned for more updates on this developing story! 🚀 #CryptoNews #MichaelAckerman #CryptocurrencyFraud

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