Hawaii Man Charged for Making False Security Fund Conversion to Crypto Claims – Regulation Bitcoin News
September 6, 2023
The U.S. Securities and Exchange Commission has charged a Hawaiian resident for falsely claiming that his fraudulent security would become the “first publicly traded security fund to convert to a cryptocurrency.” According to the Commission, the man promoted the security to boost its price and bolster the value of his portfolio.
Fabricated Documents Used to Perpetrate the Fraud
The U.S.