SEC Charges Multiple Individuals & Entities in Relationship Investment Scams

The SEC today charged five entities and three individuals in connection with two relationship investment scams involving fake crypto asset trading platforms NanoBit and CoinW6, respectively. The SEC’s two complaints allege that the defendants solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. These charges are the SEC’s first enforcement actions alleging these types of scams.

Read the press release: https://www.sec.gov/newsroom/press-re...

Watch as SEC Enforcement Director, Gurbir S. Grewal, talks about these enforcement actions:

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