Current and prospective investors were allegedly lured into a false sense of urgency by being told that CoinDeal was on the brink of being sold in a matter of days — and the SEC says he repeatedly made misleading statements.
The complaint notes how one of those charged declared that in March 2019 that CoinDeal was due to close that day. On May 8, 2019, it was the following day. On October 2, 2019, it was that night. On April 11, 2020, it was expected within three days. And on Jan. 11, 2021, investors were told that the deal would be completed in two days.
It's alleged that Chandran received $37 million of the funds contributed by CoinDeal investors — and ended up spending this money on "a fleet of luxury vehicles, various real estate properties in California and Nevada, and a boat.""We allege the defendants falsely claimed access to valuable blockchain technology and that the imminent sale of the technology would generate investment returns of more than 500,000 times for investors.
The investors were not so innocent, why would anyone believe this insane level of returns?
Have you heard of kite_financial?
Who would believe such cr4p?
And RealPAULLOGAN is gonna be charged with something about CryptoZoo fraud? These guy made a Rug and no authorities are on him? What a Joke
Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!
Nice one, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!