U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto...

U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform

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Source: Coindesk.com

The SEC charged two brothers with attempting to defraud more than 80 investors in a $60 million Ponzi scheme. The brothers allegedly told investors one of them had created a “bot” that operated on a crypto asset trading platform, which could identify arbitrage trading opportunities.

The U.S. Securities and Exchange Commission

Read More https://www.coindesk.com/policy/2024/08/27/us-sec-charges-two-brothers-in-60m-ponzi-scam-using-a-crypto-platform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform" appeared first here Coindesk.com.

Source: Coindesk.com

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