SEC ANNOUNCES CHARGES AGAINST $45 MILLION SCAM COINDEAL
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“We allege the defendants falsely claimed access to valuable blockchain technology and that the imminent sale of the technology would generate investment returns of more than 500,000 times for investors. As alleged in our complaint, in reality this was all just an elaborate scheme where the defendants enriched themselves while defrauding tens of thousands of retail investors.”
The Securities and Exchange Commission has announced a civil complaint against individuals and corporate entities involved in a fraudulent investment scheme named CoinDeal that raised more than $45 million from sales of unregistered securities to tens of thousands of investors worldwide.
Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC are being sued for false and misleading statements to investors regarding the purported value of CoinDeal, from at least January 2019 to 2022.
Content retrieved from: https://financefeeds.com/sec-announces-charges-against-45-million-scam-coindeal/.
Another example why crypto currency is a risky investment and multi level marketing is almost always a loser.