Mastermind of failed bitcoin investment scheme sanctioned by ASC

  • 📰 calgarysun
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 52%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Cerato did not file a prospectus for WhaleClub and failed to explain the risks to investors, the ASC said.

Article content

The trading scheme instead failed to generate any profits and investors received only a small portion of their initial investment, the investigation found. Cerato told investigators his WhaleClub was “an experiment with cryptocurrency” and a “casual situation,” it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 63. in AU

Australia Australia Latest News, Australia Australia Headlines