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SEC Charges Two Brothers With Operating 60 million Dollar Cryptocurrency Ponzi Scheme

The SEC has charged two brothers with running a $60 million crypto Ponzi scheme that included a crypto trading robot that never existed. In an indictment filed on August 26 in the U.S. District Court for the Northern District of Georgia in Atlanta, the SEC alleges that Jonathan Adam and his brother, Tanner Adam, lured more than 80 investors by claiming that the robot would generate a 13.5% return on their monthly returns. Se...

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2024-08-27 10:15:31