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The SEC sued a former blockchain cybersecurity and supply chain management company and its founder, alleging they deceived investors and fraudulently raised more than $5 million. https://t.co/aVm1E9Z8OB
DOJ: “Defendant Allegedly Raised Over $40 Million While Misrepresenting Financial and Sales Information” If this is the indictment bar, I’d expect a claim on [redacted AI fraud] assuming it hasn’t happen already. Getting up to 30% on the first $100M forfeited is 🤏 tempting https://t.co/p804Zw9ZRg https://t.co/nlRc0inVQV
The former CEO of a San Francisco software company was charged with fraud for allegedly raising millions of dollars from investors while misrepresenting his company’s revenue, according to the U.S Attorney’s Office. https://t.co/ofZaHNKh19
Green United LLC's attempt to dismiss an SEC lawsuit has failed, allowing the case to move forward. The SEC accuses Green United executives Wright Thurston and Kristoffer Krohn of running a fraudulent crypto mining scheme that defrauded investors of $18 million. In a separate case, the former CEO of San Francisco-based software company SKAEL has been charged with fraud for allegedly raising $30 million from investors while misrepresenting the company's revenue. SKAEL's main VC backer was Bonfire Ventures. Additionally, the SEC has sued a former blockchain cybersecurity and supply chain management company and its founder, alleging they deceived investors and fraudulently raised more than $5 million. The charges were announced by the U.S Attorney’s Office.
