Action against Defendant and Relief Defendants, the controlling member of a marketing company, one other individual, and five LLCs, for an alleged pyramid scheme and unregistered offering of securities. According to the SEC, Defendant sold instructional e-commerce packages that he falsely represented would allow investors to obtain cryptocurrency rebates and recruitment bonuses. The SEC alleges that Defendant failed to pay these rebates and bonuses and instead misappropriated investor funds.

SEC Complaint

SEC Litigation Release

SEC Press Release