US CFTC Seizes $26 Million in Cryptocurrency from Cryptocurrency Ponzi Schemer

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Sam Ikruti, owner of the cryptocurrency hedge fund Jafir LLC, for allegedly stealing $1,800,000 in cryptocurrency from him in connection with a Ponzi scheme.
According to the report, the Oregon-based company, Jafia LLC, had previously seized cryptocurrency worth $2.6 billion from the company, according to News 1.
The CFTC filed a lawsuit in 2022 alleging that the company used a Ponzi scheme to defraud investors out of $44 million (approximately 6.4 billion yen) by promising an 18% annual return.
In July of this year, a federal court ordered Sam Ikruti to pay $84 million in damages to investors after finding he had committed a cryptocurrency Ponzi scheme.