The U.S. Securities and Exchange Commission (SEC) accused 5 defendants and 3 companies linked to fake blockchain company CoinDeal of fraud as they raised $45 million by deceiving investors with false promises.
SEC January 4 In a statement published on its official website on Neil Chandran, Amy Mossel, Linda Knott, Michael Glaspie, Garry Davidson and AEO Publishing Inc, Banner Co-Op, Banners Go LLC about companies fraud and unregistered sale of securities filed a criminal complaint.
Director of the SEC’s Chicago District Office Daniel Gregus In a statement on the matter, the defendants misleadingly stated that they had access to a valuable blockchain technology and that with the sale of that technology from 500 thousand floors from investors with the promise of greater returns. 45 million dollars He said they were raising funds. However, according to Gregus’ statements, the funds collected were paid by the defendants. personal interests was used for.
from the defendants Neil Chandranthrough ‘s scam scheme more than 100,000 Alleging that it defrauded too many victims, the SEC sued the court for the defendants. liquidation of assets, interest on assets collected before trial, various penalties and permanent injunction demanded.
Neil Chandran, US Department of Justice (DOJ) by 14 September 2022 since electronic fraud He is in custody for various crimes.