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SEC Takes Aim At Crypto Mining Scheme
Summary: The SEC moved to freeze the assets of a crypto mining scheme responsible for misallocating $12 million in funds from 2,000 investors, according to a complaint from the SEC. The SEC filed a claim against three men behind the comapany "Modern Money Team" (MMT) which bought crypto mining equiptment and then offered investors crypto trading ...
The SEC moved to freeze the assets of a crypto mining scheme responsible for misallocating $12 million in funds from 2,000 investors, according to a complaint from the SEC.
The SEC filed a claim against three men behind the comapany "Modern Money Team" (MMT) which bought crypto mining equiptment and then offered investors crypto trading packages.
The claim states that one of the men spent $100,000 of investors' money on a condo and $33,000 buying a spa.
By Emily Mason
