Former New Jersey Corrections Lieutenant Faces SEC Charges in Cryptocurrency Fraud Targeting First Responders

John A. DeSalvo, a former lieutenant with New Jerseys Department of Corrections, is now under scrutiny by the U.S. Securities and Exchange Commission (SEC) due to alleged involvement in a cryptocurrency fraud scheme primarily aimed at police officers and emergency medical personnel. The official announcement, issued on August 23, outlines DeSalvos questionable activities. Between November 2021 and May 2022, he managed to convince 222 investors to collectively invest $623,388. His pitch revolved around the concept of the self-created Blazar token, touted as an alternative to existing state...

source: https://tokenpost.com/Former-New-Jersey-Corrections-Officer-Faces-SEC-Charges-Over-Crypto-Fraud-Scheme-10570

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