SEC Wins Asset Freeze In $30M Gem, Crypto Ponzi Scheme
Law360 (May 21, 2019, 3:11 PM EDT) -- A Florida federal court granted the U.S. Securities and Exchange Commission's bid to shut down an alleged $30 million Ponzi scheme operated by two diamond companies and a purported cryptocurrency business targeting investors in the U.S. and Canada, the agency announced Tuesday.
The SEC obtained a court order freezing the assets of Jose Angel Aman and Harold Seigel, two of three alleged fraudsters who convinced more than 300 investors between 2014 and 2018 to sink funds into diamond merchants Natural Diamonds lnvestment Co. and Eagle Financial Diamond Group lnc. and supposed cryptocurrency venture Argyle Coin LLC.
Aman, Seigel and the diamond...
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