The U.S. SEC has charged multiple crypto platforms and investment clubs for allegedly defrauding social media users of more than $14 million through an online investment confidence scam. The scheme reportedly used messaging apps and fake trading platforms to mislead investors and misappropriate funds.
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SEC Charges Entities Behind $14M Crypto Investment Scam.
The U.S. SEC has charged multiple crypto platforms and investment clubs for allegedly defrauding social media users of more than $14 million through an online investment confidence scam. The scheme reportedly used messaging apps and fake trading platforms to mislead investors and misappropriate funds.