The “Man behind the Machine” began diverting more than $5.8 million from the proceeds to gold mining entities in South Africa without disclosing this to investors. crypto cryptocurrency
The U.S. Securities and Exchange Commission has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.”The SEC announced Thursday charges against Australian citizen Craig Sproule and two companies he founded for “defrauding Investors.
The securities watchdog also said that Crowd Machine and Sproule did not register their offers and sales of CMCT tokens. In addition, they knowingly sold the tokens without determining whether the investors were accredited.Sproule and Crowd Machine misled investors about how they were using ICO proceeds, spending funds on an entirely unrelated scheme.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
SEC charges Crowd Machine over allegedly unregistered ICOThe US securities regulator charged Craig Sproule and his two companies over an ICO of the firms' Crowd Machine Compute Tokens.
Consulte Mais informação »
XRP Price Wavers as Update in SEC Lawsuit Puts Ripple at CrossroadsSEC's updated lawsuit puts Ripple at a crossroads as XRP price wavers XRPCommunity ripple xrp
Consulte Mais informação »
SEC Bolsters Its Case Against Ripple's Key Defense.SECGov has cited a verdict in the SEC v. Fife case to strike Ripple's key fair notice defense
Consulte Mais informação »
Coinbase insiders sold over $40 million in COIN during December selloff, SEC data showsCoinbase, the first crypto exchange to issue stock publicly in the U.S., has had a rocky couple of months. Data reveals that company insiders and early investors have been part of a significant selloff.
Consulte Mais informação »
Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices – Regulation Bitcoin NewsInstitutional investors are optimistic about the SEC having more power to regulate the crypto space. bitcoin cryptocurrency
Consulte Mais informação »
Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices – Regulation Bitcoin NewsInstitutional investors are optimistic about the SEC having more power to regulate the crypto space. bitcoin cryptocurrency
Consulte Mais informação »