August 16, 2024
A Washington federal court entered an order of default against two accused Ponzi scheme promoters on Friday, after the U.S. Securities and Exchange Commission said the pair failed to address its allegations that they helped the creator of a purported cryptocurrency trading bot service scam investors out of $295 million.
November 04, 2022
The U.S. Securities and Exchange Commission has accused the creator of a purported crypto trading bot service and three of its promoters of running a Ponzi scheme that raised $295 million in bitcoin from more than 100,000 investors worldwide.