Don't Stay Crypto Fraud Case, SEC Tells Pa. Judge

By Emilie Ruscoe (June 28, 2021, 8:20 PM EDT) -- The U.S. Securities and Exchange Commission wants to press forward with its case against two brothers accused of misappropriating millions of dollars via cryptocurrency investment funds, contending that pausing the matter would be premature since there aren't currently any criminal charges pending against the pair.

In a brief filed Friday, the SEC told U.S. District Judge W. Scott Hardy that he shouldn't grant a stay requested by attorney Shane Hvizdzak and joined by his brother, Sean Hvizdzak.

"To stay the matter now would delay resolution and the return of assets to victims, causing unjust prejudice to the SEC and investors," the...

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