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Seems less related to crypto and more related to good old scamming. The only thing crypto is the company pitch which is not where the SEC had a problem.
by bookmarkacc 9y ago
Seems less related to crypto and more related to good old scamming. The only thing crypto is the company pitch which is not where the SEC had a problem.
- pmorici 9y agoRight, for those that didn't read closely the only thing this appears to have to do with Bitcoin is that the scammer used the word "Bitcoin" in the names of one of the fraudulent investments he was pitching to people. He wasn't actually using Bitcoin or any other crypto currency in his scheme. He was using traditional banks.
- rch 9y agoI'd change the title to 'SEC Files Fraud Charges Against Renwick Haddow'.
- deweller 9y agoThe SEC is clearly trying to send a message that is watching the crypto space by titling the press release as such.
- Frogolocalypse 9y agoThe only thing related to crypto was the use of a crypto name.
- mikehotel 9y agoYes, it appears the bulk of the fraud was in the shared work space scheme. Criminal charges [1] also mention another company that was used to solicit investment: InCrowd Equity Inc. [1] https://www.justice.gov/usao-sdny/pr/charges-unsealed-against-british-citizen-defrauding-investors-more-36-million https://www.justice.gov/usao-sdny/pr/charges-unsealed-agains...
- nugget 9y agoThe SEC themselves chose the subtitle of "SEC Files Fraud Charges in Bitcoin and Office Space Investment Schemes". Prosecution can be a very political process as prosecutors often have political ambitions and want to be seen in the press. My takeaway from this press release is that at least one prosecution desk within the SEC has refocused on crypto as a means to do that.