Thursday, August 18, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings – Regulation Bitcoin News

by Crypto News
December 5, 2021
in Bitcoin
0
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings – Regulation Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022


US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings

The U.S. Securities and Alternate Fee (SEC) has charged a citizen of Latvia with defrauding traders in two crypto choices. The fraudster “used pretend names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated almost all the investor funds that have been raised.”

Two Fraudulent Crypto Schemes

The SEC introduced Thursday that it has “charged a Latvian citizen with defrauding tons of of retail traders out of not less than $7 million by way of two separate fraudulent digital asset securities choices.”

Noting that Ivars Auzins defrauded U.S. and overseas traders, the securities watchdog defined:

Auzins allegedly used pretend names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated almost all the investor funds that have been raised.

His first scheme ran from January by way of March 2018. “Auzins fraudulently provided and offered unregistered digital tokens as a part of an ICO [initial coin offering] of Denaro, a purported multi-currency debit card platform,” the SEC detailed.

The grievance alleges that “all the claimed services or products being provided have been fictitious, together with the connection with the bank card issuer,” noting that “Auzins misappropriated all the ICO’s proceeds.”

His second scheme ran from April by way of July 2019. “Auzins fraudulently provided the unregistered securities of Innovamine, which purportedly provided a cloud mining program,” the SEC described, including that he “misappropriated almost all the funds raised within the providing.”

The securities regulator detailed:

As we allege, Auzins was engaged in a brazen scheme to defraud retail traders below the guise of worthwhile digital asset alternatives.

The Latvian citizen is charged with “violating the antifraud and registration provisions of the federal securities legal guidelines.” The SEC “seeks everlasting injunctions, together with conduct-based injunctions, disgorgement plus prejudgment curiosity, civil penalties, and an officer-and-director bar in opposition to him.”

Tags on this story
crypto offerings, defraud investors, fraudulent scheme, ICO, initial coin offering, SEC, sec crypto, sec crypto fraud, sec cryptocurrencies, sec cryptocurrency, securities offerings

What do you consider this case? Tell us within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Common Information

In Case You Missed It





Source link

Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Two Unique Altcoins to Purchase in the Cryptocurrency Market in Q3 2022: Avalanche and Quilvius

Two Unique Altcoins to Purchase in the Cryptocurrency Market in Q3 2022: Avalanche and Quilvius

August 18, 2022
Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

August 18, 2022
Ethereum Could Take Hit As The Bulls Show Weak Hands

Ethereum Could Take Hit As The Bulls Show Weak Hands

August 18, 2022
Do We Really Need Blockchain for Web3 Gaming?

Do We Really Need Blockchain for Web3 Gaming?

August 18, 2022

Recent News

Two Unique Altcoins to Purchase in the Cryptocurrency Market in Q3 2022: Avalanche and Quilvius

Two Unique Altcoins to Purchase in the Cryptocurrency Market in Q3 2022: Avalanche and Quilvius

August 18, 2022
Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

August 18, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News