SEC Files Lawsuit Against $300M Crypto Ponzi Scheme Targeting Latinos

The U.S. Securities and Exchange Commission (SEC) has initiated legal action against 17 individuals allegedly involved in a Ponzi scheme that amassed $300 million from more than 40,000 victims. Contrary to the SECs findings, the defendants persuaded investors that their money would be invested in cryptocurrency and other assets. Scheme Promised Life-Altering Wealth According to a press release by the SEC, the defendants enticed investors with promises of substantial wealth, misleading them about the nature of the investment scheme. Gurbir Grewal, the Director of SEC Enforcement,...

source: https://tokenpost.com/SEC-Files-Lawsuit-Against-300M-Crypto-Ponzi-Scheme-Targeting-Latinos-11414

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