( November 7, 2022, 19:10 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission has charged Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme, the agency said in a release. The scheme raised more than 82,000 bitcoin, valued at $295 million at the time, from more than 100,000 investors worldwide, according to the release. The charges allege that Braga and Paradise lured investors with false representations that the bot made “millions of microtransactions” every second, and that investors would receive minimum returns of 0.35 percent daily.Statement follows below:...
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