Van Eck Associates Charged for Failing to Disclose Influencer’s Role in Connection with ETF Launch
Washington D.C. — The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch of its new exchange-traded fund (ETF).
According to the SEC’s order, in March 2021, Van Eck Associates...
TradeStation Crypto Charged for Unregistered Offer and Sale of Crypto Asset Lending Product
Florida-based company agrees to settle charge concerning interest feature on crypto asset accounts
Washington D.C. — The Securities and Exchange Commission today announced charges against TradeStation Crypto, Inc., based in Plantation, Florida, for failing to register the offer and sale of a crypto lending product that allowed U.S. investors to deposit or purchase crypto assets in a TradeStation account in...
Founder of $1.7 Billion “HyperFund” Crypto Pyramid Scheme and Top Promoter Charged with Fraud
Promoter Brenda Chunga (aka Bitcoin Beautee) agrees to settle fraud and unregistered offering charges
Washington D.C., Jan. 29, 2024 — The Securities and Exchange Commission this week charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors...
Alerta por campañas de criptofraude en España difundidas en X
Los Ángeles (CA) – La Comisión Nacional del Mercado de Valores (CNMV) de España tiene en el punto de mira a una serie de campañas publicitarias distribuidas a través de X, anteriormente conocida como Twitter, que pretenden estafar a los consumidores con suculentas inversiones en criptomoneda.
Los anuncios publicados en la red social explotan la imagen y el nombre de...
Former co-CEOs of CA tech startup charged with fraud
Washington D.C. — The Securities and Exchange Commission this week announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., for misleading investors about the company’s finances. Soberal and Olguin have agreed to resolve the charges against them.
The SEC’s complaint alleges that Soberal and Olguin made material...
Four Long Island men charged with $2M “free-riding” scheme
Washington D.C. — The Securities and Exchange Commission has announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 million in illicit profits.
The SEC alleges that, from approximately November 2018 through January 2022, the defendants opened...
