SEC shuts down Russian crypto Ponzi scheme | Crypto

SEC shuts down Russian crypto Ponzi scheme

– The SEC has accused 11 crypto founders and promoters of running a “textbook pyramid and Ponzi scheme”
– The scheme allegedly raised more than $300 million from millions of retail investors worldwide
– The defendants are accused of using the same illegal money-making tactics employed by Charles Ponzi in the 1920s

 

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