Orvidas, a man from Utah, USA, has been fined over $2.5 million by the Commodity Futures Trading Commission (CFTC) for leveraged Bitcoin fraud and unregistered payments. The CFTC stated that Orvidas fraudulently solicited at least four people (pool participants) to trade leveraged Bitcoin in commodity pools, losing almost all of their trading funds, and then lied about the losses and availability of funds to pool participants. The order also found that Orvidas failed to register as a commodity pool operator. The order requires Orvidas to pay over $2 million in restitution and $500,000 in civil penalties, and to cease further violations of the Commodity Exchange Act. In addition, the order imposes a 10-year ban on Orvidas registering and trading.