#sec charges

[rwatimes]

SEC Charges Donald Basile In $16M Fraud Case Involving 'Insured' Token

SEC Charges Donald Basile In $16M Fraud Case Involving 'Insured' Token. The U.S. Securities and Exchange Commission filed a civil complaint in the Eastern District of New York accusing crypto executive Donald Basile and two entities he controlled of raising about $16 mil

➤ The SEC has charged crypto executive Donald Basile with fraud for allegedly raising $16 million through a scheme involving a purportedly insured token, Bitcoin Latinum. ➤ Investors were misled about the token being insured and asset-backed, with funds allegedly misused for personal expenses. ➤ The case highlights the SEC's focus on targeting fraud and trust abuses in the crypto space, even as the project's website is now defunct.

[rwatimes]

SEC Charges Donald Basile in $16M Crypto Fraud Over “Insured” Token

Regulators allege Basile misled hundreds of investors with claims of an insured crypto asset, while millions were spent on personal expenses including real estate and a $160,000 horse.

➤ The SEC has charged Donald Basile with defrauding investors out of $16 million through a scheme involving a purported 'insured' crypto token, Bitcoin Latinum. ➤ Basile allegedly made false claims about the token's backing and insurance, while diverting investor funds for personal expenses, including real estate and a horse. ➤ The SEC is seeking penalties, repayment of gains, and a ban on Basile's future participation in securities offerings.

[cryptonewsme]

SEC's Charges On Binance: What This Means For The Crypto Industry

SEC’s Charges On Binance: What This Means For The Crypto Industry: Over the last few weeks, crypto news has been centered around the U.S. Securities and Exchange Commission charges brought against Binance. These charges against Binance were closely followed by another filed against Coinbase by the same commission. Binance is the world’s largest crypto exchange, providing crypto users an avenue…

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[pavel-nosok]

SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors

SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors

The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘Trade Coin Club’ Is a Crypto Ponzi Scheme The U.S. Securities and Exchange Commission (SEC) announced charges against four people for their roles in a…

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[coinpediafintechnews]

SEC Charges 1Broker For Securities Violation

Securities Exchange Commission (SEC) has filed a fresh lawsuit against 1Broker for alleged violation of federal law in a swap scheme involving Bitcoin.