The American regulator – the Securities and Exchange Commission (SEC) – starts the new year with shock work. The agency took into account the criticism that it received after the loud collapse of the FTX exchange, so now crypto startups will have a hard time.
The commission has indicted six individuals and two companies associated with an investment scheme called CoinDeal.
Today we charged Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, and others for their involvement in a fraudulent investment scheme worldwide named CoinDeal that raised more than $45 million from sales of unregistered securities to thousands of investors.
— US Securities and Exchange Commission (@SECGov) January 4, 2023
“We state that the defendants misled by promising access to valuable blockchain technology and that the forthcoming sale of the technology will bring profit to investors [превышающую вложения] more than 500,000 times,” said Daniel Gregus, director of the SEC regional office in Chicago.
The CoinDeal scheme, according to the SEC, has raised more than $45 million from the sale of unregistered securities to thousands of investors around the world. The agency also brought charges against AEO Publishing Inc, Banner Co-Op, Inc and BannersGo, LLC.
One of the defendants in the case, Neil Chandran, is already in custody in a fraud case opened by the US Department of Justice.
The SEC alleges that the deceived investors’ money was used by the company’s executives to buy cars, real estate and a yacht.
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