Title: SEC Charges Novatech in $650 Million Crypto Fraud Scheme
Post by: Bitcoin on Aug 13, 2024, 07:18 am
Post by: Bitcoin on Aug 13, 2024, 07:18 am
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case […]
Source: SEC Charges Novatech in $650 Million Crypto Fraud Scheme (https://news.bitcoin.com/sec-charges-novatech-in-650-million-crypto-fraud-scheme/)
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case […]Source: SEC Charges Novatech in $650 Million Crypto Fraud Scheme (https://news.bitcoin.com/sec-charges-novatech-in-650-million-crypto-fraud-scheme/)