February 08, 2021
The U.S. Securities and Exchange Commission secured a victory Monday in Texas federal court in its bid for default judgment against companies and a group of people, including a former Washington state legislator, who failed to reply to the agency's suit accusing them of bilking investors out of $9 million with a fraudulent cryptocurrency.
November 19, 2020
The U.S. Securities and Exchange Commission asked a Texas federal judge Wednesday to enter default judgment against a group of people and companies who haven't responded to its lawsuit accusing them of bilking investors out of $9 million for a fraudulent cryptocurrency.
April 21, 2020
A Texas federal judge issued bench warrants Tuesday for the arrest of an ex-Washington state senator and the co-creator of a purported cryptocurrency after they failed to appear for a hearing, saying incarceration will be effective in making the pair follow his orders.
April 14, 2020
The U.S. Securities and Exchange Commission has secured an asset freeze in its suit against an ex-Washington state senator and two others who it says fraudulently raised over $4.3 million by selling a purported cryptocurrency known as Meta 1 Coin.
March 20, 2020
The U.S. Securities and Exchange Commission announced Friday it's been granted emergency relief to block a securities fraud scheme by a former Washington state senator and two others who sold a "purported" cryptocurrency known as Meta 1 Coin raising more than $4.3 million.