SEC Charges Siblings in $124M Crypto Fraud Operation

sec.gov

49 pointscaaqil7 comments

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Just your weekly crypto fraud news item.

Some recent ones:

BitConnect: $2B https://www.sec.gov/news/press-release/2021-172

MyMicroProfits.com and Social Profimatic: $3.6M https://www.sec.gov/news/press-release/2021-237

Start Options and Bitcoiin2Gen: $11M https://www.sec.gov/news/press-release/2021-22

Crowd Machine, Inc. and Metavine, Inc: $41M https://www.sec.gov/news/press-release/2022-3

BlockFi: $100M https://www.sec.gov/news/press-release/2022-26

And I could go on and on:

https://www.sec.gov/news/press-release/2021-147

https://www.sec.gov/news/press-release/2021-145

https://www.sec.gov/news/press-release/2021-125

Is there weekly newsletter for this

Sort of. https://web3isgoinggreat.com/

breaking news fraud is rampant in crypto it's not like fraud is rampant in every single money system

Yep, https://www.sec.gov/news/pressreleases?aId=&combine=charges&...

Cryptocurrency is just more trendy so it gets more press release attention.

The BlockFi fine is not due to fraud.

Not that I'm a fan of Mark Zuckerberg but I was hoping this article was about the Winkelvoss twins. Other than that, I'm not sure why I keep reading these articles - it's a bit like rubber-necking while passing a car accident.

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