SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns
Describing Coindeal as “a brazen and far-reaching unregistered offering fraud conducted between at least 2018 and 2022,” the securities regulator detailed: The SEC explained that creator Neil Chandran and promoters Garry Davidson, Michael Glaspie, Amy Mossel, and Linda Knott “falsely claimed that investors could generate extravagant returns by investing in a blockchain technology called Coindeal that would be sold for trillions of dollars to a group of prominent and wealthy buyers.”
The securities watchdog also charged AEO Publishing Inc., Banner Co-Op Inc., and Bannersgo LLC for their involvement in the fraudulent crypto investment scheme.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.
Those are very realistic rates of returns — seems like a promise worth believing. 😂
Do not know who gona belive them
Why SEC not taken action against reserve protocol $RSR? They scammed millions of it's investors
It's important to ensure crypto is being used responsibly and safely, especially with the growth of DeFi. It's a reminder to always do thorough research and remain vigilant when making crypto investments. HODLstrong CryptoSavvy
$SHIB23 is the play 💎 🚀 100x imminent
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Brilliant, but using ChiefraFba for signals and analysis
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