Topic: Texas Regulators Shut Down Three Cryptocurrency Scams (Read 96 times)
Its a welcome development and it will be a good move if other countries of the world can adopt this type of regulatory measures. This regulatory measures will surely help to reduce scam ICOs.
Good to see that the regulations are finally taking away bad actors in the market, even if it's not 100% positive (that the government is in the market control), but hopefully in the big perspective this will make it more welcoming for people to enter into crypto..!
Texas Regulators Shut Down Three Cryptocurrency Scams
The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes.
The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an initial investment of $1,000 into $10,000 in three weeks.
Coins Miner Charged for CyberFraud
According to the emergency order, Coins Miner was found to have used emails and manipulating online media to solicit funds from Texas residents by pretending to represent Coinbase, a San Francisco-based company that operates an online platform for buying, selling, and storing digital currency.
Ana Julia Lara, an affiliate of Coins Minter who crafted the fake email, is also accused of claiming to be a vice president of CoinTelegraph Media Group.
The organization is also accused of fabricating photographs to show its “state-of-the-art office,” as well as using stock photos to portray its employees. A video featuring stock footage of its servers, facilities, and financial professionals was also cited.
https://www.ccn.com/texas-regulators-shut-down-three-cryptocurrency-scams/
The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes.
The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an initial investment of $1,000 into $10,000 in three weeks.
Coins Miner Charged for CyberFraud
According to the emergency order, Coins Miner was found to have used emails and manipulating online media to solicit funds from Texas residents by pretending to represent Coinbase, a San Francisco-based company that operates an online platform for buying, selling, and storing digital currency.
Ana Julia Lara, an affiliate of Coins Minter who crafted the fake email, is also accused of claiming to be a vice president of CoinTelegraph Media Group.
The organization is also accused of fabricating photographs to show its “state-of-the-art office,” as well as using stock photos to portray its employees. A video featuring stock footage of its servers, facilities, and financial professionals was also cited.
https://www.ccn.com/texas-regulators-shut-down-three-cryptocurrency-scams/
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