CoinDesk (@CoinDesk): NEW: The CFTC has charged North Carolina-based Argent Capital Management and its founder Trevor Vernon with fraud.
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NEW: The CFTC has charged North Carolina-based Argent Capital Management and its founder Trevor Vernon with fraud. The agency alleges Vernon raised more than $14 million from at least 60 investors, sent fake performance reports and used new investor funds to make payments to existing participants in a Ponzi-like scheme.