Crypto CEO Claims Trimmed In SEC Pump-And-Dump Suit

By Emilie Ruscoe (January 28, 2021, 5:35 PM EST) -- A Manhattan federal judge trimmed some claims Wednesday against the CEO of bitcoin mining firm MGT Capital Investments from a U.S. Securities and Exchange Commission suit alleging the executive had a hand in a $27 million pump-and-dump scheme.

In the order, U.S. District Judge Edgardo Ramos granted defendant Robert Ladd's requests to dismiss an SEC claim concerning Ladd's failure to disclose some stock sales on a form. Judge Ramos also dismissed a claim concerning financial reporting Ladd did while acting as a broker for his father.

But the judge said the SEC could replead the claims if it wanted to and...

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