The CFTC has dropped their case against Control Finance.

On April 6th the court accepted the FTC’s motion to voluntarily dismiss Control Finance as a defendant.

Emphasizing the absurdity of the case, Control Finance’s fictional CEO Benjamin Reynolds is still an active defendant.

Following his failure to respond to the case, the court clerk recorded an entry of default against Reynolds on April 6th.

Given the CFTC has been thus far unable to trace who ran Control Finance, to what end pursuing default judgment against Reynolds benefits anyone is  unclear.

Control Finance
was a Ponzi scheme launched in 2017. The company was headed up by Benjamin Reynolds, a Boris CEO believed to have been portrayed by an actor.

The CFTC
filed suit against Control Finance
in June 2019, alleging it was a $147 million dollar Ponzi scheme.

The CFTC’s case relied on UK Companies House data which, not surprisingly,
turned out to be fraudulent
.

BehindMLM maintains that if an MLM company provides a UK incorporation certificate, just assume it’s a scam and walk away.

Update 25th March 2021 – 
The CFTC has
secured a $517 million dollar judgment
against Boris CEO Benjamin Reynolds.

Update #2 25th March 2021 –
Control Finance CEO Benjamin Reynolds has been
outed
as Estonian resident Karl-Joonatan Mets.

🤖 Quick Answer

What action did the CFTC take regarding the Control Finance case?
The CFTC voluntarily dismissed Control Finance as a defendant on April 6th, following court acceptance of the motion. However, the fictional CEO Benjamin Reynolds remained listed as an active defendant, with a default judgment entry recorded against him by the court clerk on the same date.

Who was Benjamin Reynolds in the Control Finance scheme?
Benjamin Reynolds was identified as the CEO of Control Finance, a Ponzi scheme established in 2017. He was reportedly a Boris CEO portrayed by an actor, though the CFTC has been unable to definitively trace the actual individuals operating the fraudulent enterprise.

Why does the default judgment against Reynolds appear problematic?
The default judgment's utility remains unclear since the CFTC has failed to identify who actually operated Control Finance. Pursuing judgment against Reynolds, a fictional persona potentially portrayed by an actor, offers limited practical

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