Mar 18, 10:42 PM

SEC Charges 17 in $300M CryptoFX LLC Ponzi Scheme Targeting Latino Investors

The Securities and Exchange Commission (SEC) has charged 17 individuals in connection with a $300 million Ponzi scheme targeting the Latino community. The scheme, operated by Houston-based CryptoFX LLC, defrauded over 40,000 investors by promising financial freedom and significant returns on investments in crypto assets. The SEC's actions highlight the agency's ongoing efforts to combat fraudulent activities within the crypto market, emphasizing the importance of investor diligence.

#Securities and Exchange Commission #SEC #Ponzi #Latino #CryptoFX LLC

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