SEC Sues Alleged $26 Million ‘Crypto’ Ponzi Scheme Operator
The SEC has accused Daniel Pacheco of running a $26 million Ponzi scheme disguised as a cryptocurrency.
Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.
The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.
Russia's President Putin says crypto use by "criminal elements" is increasing and law enforcement must monitor it more closely.
The frequency of ICO-related enforcement actions has been increasing in the U.S.
The SEC has charged ICOBox and its founder with violating securities and registration requirements with its token sale and operations.