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SEC Sues 2 Crypto Advisory Firms and Their Owner for Misappropriating Investors’ Funds

The complaint alleges the firms' owner lied to investors about where their funds were deposited in a Ponzi-like scheme. 

Updated May 11, 2023, 5:22 p.m. Published Sep 16, 2022, 3:41 p.m.
U.S. Securities and Exchange Commission in Washington D.C. (AaronP/Bauer-Griffin/Getty Images)
U.S. Securities and Exchange Commission in Washington D.C. (AaronP/Bauer-Griffin/Getty Images)