Tennessee court hits duo with $6.8M penalty over fake crypto platform

A Tennessee court ordered a couple to pay over $6.8 million for running a fake crypto pool. The scheme promised profits under the guidance of a person called “Coach Wendy,” whose identity is still unknown. Michael and Amanda Griffis were real estate agents from Clarksville. They operated a pool called “Blessings of God Thru Crypto” between 2021 and 2023. The Commodity Futures Trading Commission (CFTC) said the couple raised more than $6.5 million from around 145 investors.