Blog Posts Tagged With Cyber and Cryptocurrency

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CFTC v. John Doe 1 a/k/a Morgan Hunt dba Diamonds Trading Investment House and John Doe 2 aka Kim Hecroft dba First Options Trading (N.D. Tex. Sept. 28, 2018, Contested)

Action against Defendants for alleged fraudulent scheme to solicit Bitcoin.  According to the CFTC, Defendants misappropriated customer funds after making false or misleading representations or omissions about their planned investment of funds in forex contracts, binary options, and diamonds. The CFTC further alleges that Defendants forged account statements and documents and impersonated a CFTC investigator.

CFTC Press Release
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In re TokenLot, LLC, et al. (A.P. Sept. 11, 2018, Settled)

Action against Respondents, an unregistered broker-dealer and its two operators, for the alleged online sale and advertisement of unregistered securities in the form of digital tokens.  The SEC alleges that Respondents solicited and executed digital token orders during initial coin offerings and additionally sold digital tokens for trading on secondary markets.  According to the SEC, Respondents failed to make required registrations as a broker-dealer.  Respondents have agreed to pay, jointly and severally, disgorgement of $471,000
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In re Crypto Asset Management, LP and Timothy Enneking (A.P. Sept. 11, 2018, Settled)

Action against Respondents, an unregistered cryptocurrency hedge fund manager and its principal, for the alleged sale of unregistered securities.  The SEC alleges that Respondents failed to make required registrations and misrepresented their filing status to potential investors while raising money for a cryptocurrency investment fund.  Respondents have agreed to pay a $200,000 civil penalty.

 SEC Order  

SEC Press Release

 
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