United States Commodity Futures Trading Commission (CFTC) Fines Michael Griffis & Amanda Griffis $6.8 Million (Include $5.5 Million Restitution to Victims) & Issued with Permanent Bans for Fraud by Raising $6.5 Million in Funds from 145 Investors (Blessings Thru Crypto) to Trade Commodity Futures on Apex Trading Platform, $4 Million of Funds Sent to Illegitimate Overseas Exchange & Remaining Funds were Used for Personal Expenses
27th September | Hong Kong
The United States Commodity Futures Trading Commission (CFTC) has fined Michael Griffis & Amanda Griffis $6.8 million (Include $5.5 million restitution to victims) & issued with permanent bans for fraud by raising $6.5 million in funds (Blessings Thru Crypto) from at least 145 investors to trade commodity futures on Apex Trading Platform, with $4 million of funds sent to illegitimate overseas exchange & remaining funds were used for personal expenses. Announcement (25/9/25): “The Commodity Futures Trading Commission today announced the U.S. District Court for the Middle District of Tennessee entered a consent order against Tennessee residents Michael Griffis and Amanda Griffis for fraud involving a commodity pool. The order requires the defendants to pay $5,528,121 in restitution to defrauded victims and a $1,355,232 civil monetary penalty, totaling over $6.8 million in monetary relief. It also permanently bans them from trading and registering with the CFTC and prohibits further violations of the Commodity Exchange Act and CFTC regulations, as charged. The consent order resolves a CFTC enforcement action filed in July 2023 [See CFTC Press Release No. 8757-23]. According to the court’s findings, the Griffises – local realtors in Clarksville, Tennessee – solicited funds using their real estate connections, including clients, for a fraudulent commodity pool called “Blessings Thru Crypto.” The couple convinced at least 145 people to contribute more than $6.5 million. They falsely claimed the funds would be used to trade commodity futures on the Apex Trading Platform with guidance from an individual known only as Coach Wendy. In reality, the platform was an illegitimate copy of an overseas exchange, and the true identity of Coach Wendy remains unknown. More than $4 million of the pool’s funds were sent to the illegitimate overseas exchange where it was immediately sent to a variety of other accounts and offshore trading platforms. The remaining funds were misappropriated for personal expenses including paying personal debts and buying a variety of consumer goods. Orders requiring repayment to victims may not always result in the recovery of any or all funds, as wrongdoers may lack sufficient assets. The agency will continue to fight vigorously to protect customers and hold wrongdoers accountable.”
“ United States Commodity Futures Trading Commission (CFTC) Fines Michael Griffis & Amanda Griffis $6.8 Million (Include $5.5 Million Restitution to Victims) & Issued with Permanent Bans for Fraud by Raising $6.5 Million in Funds from 145 Investors (Blessings Thru Crypto) to Trade Commodity Futures on Apex Trading Platform, $4 Million of Funds Sent to Illegitimate Overseas Exchange & Remaining Funds were Used for Personal Expenses “
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United States Commodity Futures Trading Commission (CFTC) Fines Michael Griffis & Amanda Griffis $6.8 Million (Include $5.5 Million Restitution to Victims) & Issued with Permanent Bans for Fraud by Raising $6.5 Million in Funds from 145 Investors (Blessings Thru Crypto) to Trade Commodity Futures on Apex Trading Platform, $4 Million of Funds Sent to Illegitimate Overseas Exchange & Remaining Funds were Used for Personal Expenses
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