SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians

SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians

An Ohio man has been charged by the U.S. Securities and Exchange Commission for allegedly defrauding 150 investors in a cryptocurrency trading scheme. An Ohio man has been charged by the United States Securities and Exchange Commission for allegedly defrauding 150 investors in a cryptocurrency trading scheme.The SEC’s complaint, filed in federal court in New York on Feb. 11, accuses Michael W. Ackerman of raising at least $33 million in violation of anti-fraud provisions…

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North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

North Korea’s internet use saw a 300% surge over the past three years as the country’s regime has continued to rely on cryptocurrencies. North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities.Exploitation of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly obtained funds,…

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US SEC Charges Convict and Associates for $30M Fraudulent ICO

US SEC Charges Convict and Associates for $30M Fraudulent ICO

The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent initial coin offering. The United States Securities and Exchange Commision has charged a group of criminals, who raised over $30 million through a fraudulent initial coin offering (ICO).Per a Jan. 12 press release, the SEC charged convicted Boaz Manor, his business associate, and two companies, CG Blockchain Inc. and BCT Inc. SEZC, with violating the antifraud…

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