The United States regulator has fined a New York resident $36 million for allegedly swindling crypto investors by promising high returns and using the funds to support his lavish lifestyle. According to a Sept. 20 statement, the Commodity Futures Trading Commission (CFTC) ordered William Koo Ichioka “to pay $31 million in restitution” to victims and an additional $5 million civil monetary penalty for operating a fraudulent foreign exchange (forex) and crypto scheme. CFTC highlights falsely promising significant returnsThe CFTC stated that Ichioka started the scheme in 2018, accepting money fro…