‘Blockchain Recovery’ Scam Is Posing as a Legit Firm, UK FCA Warns
The “clone” firm has been emailing and cold-calling investors and using the real company’s Firm Reference Number with a fake name, the regulator said.
Fraud
The U.S. regulator said it did not send the messages or hold any funds for individual benefit.
The action follows allegations of fraud against the app in February.
The investment banking giant’s Mathew McDermott said the company would continue to expand its offerings in the cryptocurrency space to meet surging demand.
A U.S. district court entered a default judgment against an Australian citizen residing in the U.S. and a Nevada corporation for a cryptocurrency fraud and misappropriation scheme, the Commodity Futures Trading Commission said Thursday.
Fowler reportedly failed to pay his former lawyers leading to a motion to withdraw as his legal counsel.
Fraud
