The CFTC has sued scammers behind the EmpowerCoin, ECoinPlus and JetCoin Ponzi schemes.

Defendants Dwayne Golden, Jatin Patel, Marquis Demarking Egerton (aka Mardy Eger) and Gregory Aggesen, stand accused of stealing millions through the scams.

Dwayne Golden is a US citizen residing in Florida

Jatin Patel is an Indian citizen residing in Maharashtra

Mardy Eger is a US citizen residing in North Carolina

Gregory Aggesen is a US citizen residing in New York

The
CFTC’s complaint
spans conduct alleged to have taken place between April and August 2017.

The complaint details the defendants working with an unnamed accomplice, who appears to be cooperating with US authorities.

As alleged by the CFTC, Dwayne Golden (right), Jatin Patel and Mardy Eger ran EmpowerCoin.

Reviewed here on BehindMLM in May 2017,
EmpowerCoin
promised investors a 200% bitcoin ROI in 90 days or less.

After EmpowerCoin collapsed it was rebooted as ECoinPlus.

Golden, Patel, Greg Aggesen and the unnamed accomplice ran JetCoin.

I believe the accomplice is JetCoin Master Distributor Scott Chandler but can’t say for sure.

Chandler was
sued by the FTC
for promoting and profiting JetCoin and other Ponzi schemes in 2018.

Again reviewed her on BehindMLM in June 2017,
JetCoin
promised investors a 200% ROI in 40 to 50 days.

JetCoin’s reboot
switched out the fixed return model for daily return rates.

EmpowerCoin, ECoinPlus and JetCoin represented external revenue was generated via trading.

JetCoin 2.0 dropped the trading ruse. There was no attempt to even pretend it wasn’t a Ponzi scheme.

In their complaint the CFTC confirms no trading took place.

As in all Ponzi schemes, Defendants’ payouts of supposed profits to customers in actuality consisted of other customers’ misappropriated funds.

The Ecoinplus Defendants did not employ traders and, in fact, did not trade Bitcoin; and because the guaranteed returns and commission payments were entirely fictitious because those amounts could only be paid to the extent that new customer investments were available to be redistributed to existing customers.

The JetCoin Defendants did not employ traders and, in fact, did not trade Bitcoin; and because the guaranteed returns and commission payments were entirely fictitious because those amounts could only be paid to the extent that new customer investments were available to be redistributed to existing customers.

EmpowerCoin and ECoinPlus took in $23.2 million from consumers.

Dwayne Golden, Jatin Patel and Mardy Eger stole over 42% of funds invested into EmpowerCoin and ECoin Plus ($9.86 million).

JetCoin took in $21.7 million.

Golden, Patel, Greg Aggesen (right) and their unnamed accomplice stole over 36% of funds invested into JetCoin ($7.884).

Through this conduct, Defendants were engaged, are engaging, or are about to engage in manipulative and deceptive acts with respect to contracts of sale of a commodity in interstate commerce, in violation of Section 6(c)(1) of the C

🤖 Quick Answer

Who were the defendants sued by the CFTC for operating cryptocurrency Ponzi schemes?
The CFTC sued four individuals: Dwayne Golden (US citizen, Florida), Jatin Patel (Indian citizen, Maharashtra), Marquis Demarking Egerton (US citizen, North Carolina), and Gregory Aggesen (US citizen, New York). They were accused of operating EmpowerCoin, ECoinPlus, and JetCoin scams between April and August 2017, stealing millions from investors through fraudulent schemes.

What was the nature of the fraudulent schemes operated by the defendants?
The defendants operated Ponzi schemes using three cryptocurrency platforms: EmpowerCoin, ECoinPlus, and JetCoin. These schemes involved fraudulent investment operations where returns to earlier investors were generated from payments made by new investors rather than legitimate business activities, resulting in millions of

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