Calif. Regulator Says 11 Crypto Cos. Ran Ponzi-Like Schemes

By Katryna Perera (September 27, 2022, 8:32 PM EDT) -- California's Department of Financial Protection and Innovation issued desist and refrain orders Tuesday against 11 state entities for allegedly offering and selling unqualified securities and for using investor funds in the manner of a Ponzi scheme....

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