SEC Reveals $300M Ponzi Scheme Targeting Latinos, Falsely Touting Crypto Investments
SEC charged 17 people in a $300 million Ponzi scheme targeting Latino investors involving CryptoFX. Defendants promised high returns but mostly used funds to sustain the scheme and finance their lifestyles. The Securities and Exchange Commission (SEC) recently brought charges against 17 individuals implicated in a $300 million Ponzi scheme. Over 40,000 Latino investors were the […