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BitDegree 2024-03-15 07:24:45

Ponzi Scheme Exposed: CryptoFX Faces SEC Charges Over Massive Fraud

Key Takeaways The SEC charges 17 individuals related to CryptoFX with conducting a $300 million Ponzi scheme. CryptoFX allegedly preyed on Latino investors, promising risk-free returns on crypto and foreign exchange instruments. The SEC seeks restitution and penalties from those involved.

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