SEC Charges Novatech in $650 Million Crypto Fraud Scheme

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 […]

source https://news.bitcoin.com/sec-charges-novatech-in-650-million-crypto-fraud-scheme/