U.S. Court orders British man to pay more than $571 million over bitcoin fraud

A representation of virtual currency Bitcoin is seen in front of a stock graph

WASHINGTON (Reuters) - A U.S. court ordered a British man to pay more than $571 million for operating a fraudulent bitcoin trading scheme, the Commodity Futures Trading Commission said on Friday.

The March 2 order by the U.S. District Court for the Southern District of New York stems from an investigation into a website used by Benjamin Reynolds, purportedly of Manchester, to solicit bitcoins from customers with a promise of guaranteed profits, the CFTC said in a statement.

(Reporting by Timothy Ahmann; Editing by Chris Reese)