SEC freezes assets of investment adviser BKCoin, alleges $100 million crypto fraud scheme

The U.S. Securities and Exchange Commission announced an emergency action on Monday against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, alleging a crypto-asset fraud scheme.

The SEC said it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief. The SEC said the emergency action was filed under seal on Feb. 23 and unsealed Monday. The SEC said the complaint, filed in U.S. District Court for the Southern District of Florida, seeks permanent injunctions against both of the defendants; disgorgement, prejudgment interest, and a civil penalty from both of the defendants; and, an officer and director bar and conduct-based injunction against Kang.

Crypto == Fraud

SECGov TheJusticeDept NYSE NasdaqExchange FINRA LordstownMotors MultiPlan_Inc Meanwhile, in this video posted on 3/6/2023, citsecurities GoldmanSachs are coordinating with market insiders to defraud an investor in violation of 17 CFR 240.10b-6:

Allegations are not needed! Crypto is a SCAM

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