January 29, 2025
A D.C. federal judge has ordered sports business Crystal World, its ousted CEO and a related investment group to pay approximately $1.8 million in disgorgement and civil penalties for securities violations, lowering the U.S. Securities and Exchange Commission's bid for a $4.1 million total judgment.
October 25, 2024
A multimillion-dollar securities fraud judgment against two companies linked to a virtual sports trading platform would be disastrous for the already-struggling organizations, their attorney argued before a D.C. federal judge Friday.
June 07, 2024
The sports business Crystal World and a related investing group told a Washington, D.C., district court Friday they should not be saddled with millions of dollars in civil penalties because their former executive, not the companies, committed the alleged securities fraud.
February 21, 2024
The U.S. Securities and Exchange Commission asked a D.C. federal judge on Wednesday to put the sports business Crystal World Holdings and others on the hook for more than $4.1 million in total damages for their alleged securities fraud.
January 03, 2023
The Securities and Exchange Commission and Crystal World Holdings said Tuesday that they still have not come to an agreement on monetary damages in their settlement talks to end a $1.5 million fraud lawsuit, despite the partial resolution reached in previous discussions.
August 20, 2019
The Securities and Exchange Commission has sued the man behind an experimental sports marketplace, alleging he sold nearly $1.5 million in bogus shares by promising investors for years that he would properly register them soon.