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SEC Says Texas Crypto Mining Co. Execs Ran $5.6M Fraud

By Emilie Ruscoe (April 25, 2024, 8:29 PM EDT) -- A crypto asset mining and hosting company and two of its principals face U.S. Securities and Exchange Commission claims they defrauded about 64 investors with an unregistered securities offering that raised $5.6 million, spending investor funds lavishly on themselves while neglecting to set up, or in some cases even buy, the mining equipment they had said they would get....

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