SEC Charges Two Companies in $130 Million Crypto Trading Scheme
By Micah Zimmerman
AI summary of the source article
The SEC charged BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd. with running a fraudulent crypto scheme that raised over $130 million using false regulatory filings.
Key facts
- The SEC filed a complaint against BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd. for allegedly defrauding retail investors of over $130 million.
- The defendants allegedly submitted false Form ADV and Form D filings and displayed fake certificates with the SEC seal to mislead investors.
- The SEC charged both companies with violating federal securities antifraud provisions and is seeking permanent injunctions, disgorgement, and civil penalties.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine SEC Charges Two Companies in $130 Million Crypto Trading Scheme The SEC has charged two companies with defrauding investors of over $130 million through a crypto Ponzi-like scheme. This post SEC Charges Two Companies in $130 Million Crypto Trading Scheme first appeared on Bitcoin Magazine and is written by Micah Zimmerman .