Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Crime News»U.S. SEC Charges 5 Individuals Involved in BitConnect Lending Program

    U.S. SEC Charges 5 Individuals Involved in BitConnect Lending Program

    Crime News By Abiodun A.May 30, 2021No Comments2 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    The U.S. Securities and Exchange Commission (SEC) on Friday; said it has charged five individuals for promoting a global unregistered digital asset securities offering that raised over $2 billion from retail investors.

    U.S SEC
    U.S SEC

     

    BitConnect allegedly organized a global network of promoters through referral commissions and used the network to sell the securities without registering them; as required by federal securities laws, the SEC said.

    The agency alleged Trevon Brown; Craig Grant, Ryan Maasen, and Michael Noble were among the promoters advertising to prospective investors through YouTube videos.

    Counsel for the individuals could not immediately be determined.

    The agency also charged Joshua Jeppesen; who represented the company at conferences and also acted a liaison between BitConnect and promoters.

    See also  Workers sue McDonald's for stealing wages

    Jeppesen’s attorney did not respond immediately to call for comment.

    BitConnect told investors it would use their funds to trade in and profit from the volatility of Bitcoin and also promised to pay investors the resulting profits; which BitConnect promised could be as high as approximately 40% per month, the SEC said in its charges.

    The SEC has taken the position that initial coin offerings are securities offerings and therefore subject to the agency’s offering rules; which require companies to file registration as well as disclosure documents.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Bitcoin bitconnect invest U.S SEC
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Mistakes made in handling classified records: Pence takes responsibility

    Jan 28, 2023

    Ex-US Prez Donald Trump is reinstated to Facebook after 2-year ban

    Jan 26, 2023

    FBI finds more classified papers at Biden’s home in 13-hour search

    Jan 23, 2023

    Antony Blinken to travel to China early next month: US State Department

    Jan 19, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 93
    • Instagram
    • YouTube
    Latest Posts

    Chrissy Teigen Flaunts Her Newly Born Daughter’s Face

    Jan 28, 2023

    Maguire Must Fight For His Place In MUFC’s Team – Erik ten Hag

    Jan 28, 2023

    Learn To Fear Women – Portable

    Jan 28, 2023

    I’m Researching The Profile Of Players That Can Improve MUFC – Erik ten Hag

    Jan 28, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    N152 billion, $386 million and more recovered in 2021 – EFCC

    Jan 12, 2022

    Boko Haram Killing Bishop Lawan Andimi Was A Babaric Act – Buhari

    Jan 23, 2020

    The Title Race Isn’t Over With Liverpool Around – Pep Guardiola

    Feb 11, 2022

    #Politics: Malawi’s new president sworn in after disputed elections

    May 31, 2014

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?