The SEC Doesn’t Stop! He Sued Two More Cryptocurrency Companies!

US Securities and Exchange Commission (SEC) cryptocurrencies and aggressively maintains its control over its companies.

In this context SECsued two crypto companies and their owners for allegedly embezzling crypto funds from their investors.

It was stated that the companies that the SEC sued are Creative Advancement LLC and Edelman Blockchain Advisors LLC.

The SEC filed a lawsuit in Manhattan federal district court, claiming that Edelman Blockchain company and its owner, Gabriel Edelman, between February 2017 and May 2021. “false and misleading statements” He claimed to have raised $4.3 million by selling securities to four investors using

In the lawsuit, it was stated that the owner of the company, Gabriel Edelman, actually used the investors’ funds to finance his personal expenses.

The lawsuit also stated that owner Edelman made early repayments to encourage some investors to make larger investments.

As such, Edelman’s “Ponzi-like” alleged activities.

The SEC, with its lawsuits cryptocurrency It shows that he is after the bad actors in the industry.

For SECRecently, a Chicago-based crypto company filed a lawsuit against Chicago Crypto Capital.

SEC, the company BXY tokens He claimed that he sold unregistered tokens in the $1.5 million initial coin offering (ICO) for the company and misled his investors about the sales.