The CFTC’s case against Control Finance CEO Benjamin Reynolds continues.

Reynolds was served via notices placed in the Daily Telegraph newspaper.

He’s unlikely to have seen them though, because Benjamin Reynolds doesn’t exist.

On March 3rd the CFTC informed the court it had satisfied service by publication on Benjamin Reynolds.

Despite diligent efforts, the Commission was unable to identify a specific address where Reynolds could be served with process.

After exhausting all other options, the Commission sought leave to serve Reynolds by publication in the United Kingdom.

the Commission published a notice about the case in The Daily Telegraph, a U.K. newspaper, once a week for four consecutive weeks.

The last week the notice appeared was February 8th. Not surprisingly, Reynolds has failed to acknowledge service and respond to the complaint.

On March 20th the CFTC to inform the court they intend to move for default judgment.

To that end the CFTC has requested a previously scheduled March 31st Initial Conference be adjourned.

A decision on the motion remains pending.

Benjamin Reynolds was a typical Boris CEO for Control Finance. He only existed as portrayed by an actor, who featured in Control Finance’s rented office marketing videos.

Even if the CFTC are granted default judgment, it is unclear how they intend to collect.

As per the CFTC’s investigation, Control Finance stole $147 million from over a thousand investors.

Someone in eastern Europe must be laughing their socks off.