SEC complaint – DIGIT INFO

SEC Charges Novatech in $650 Million Crypto Fraud Scheme

DIGIT — Mon, 12 Aug 2024 23:17:58 +0000

The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case […]

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SEC backs down on claiming SOL, ADA, MATIC and other tokens are securities in Binance suit

DIGIT — Tue, 30 Jul 2024 07:29:38 +0000

The SEC has retracted its request for a court ruling to classify tokens such as Solana, Cardano, Polygon and others as securities.

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SEC takes action against two meme stock wash traders

DIGIT — Tue, 28 Sep 2021 05:38:55 +0000

The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates.

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SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’

DIGIT — Fri, 10 Sep 2021 04:33:19 +0000

The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands.

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