America Securities and Alternate Fee (SEC) has halted exercise of one other alleged cryptocurrency-related rip-off stealing thousands and thousands
America Securities and Alternate Fee (SEC) has halted exercise of one other alleged cryptocurrency-related rip-off stealing thousands and thousands of {dollars} from buyers.
In keeping with a SEC’s announcement on June 19, the authority has been granted a brief restraining order and asset freeze in opposition to two Pennsylvania-based brothers allegedly operating three crypto rip-off schemes. In keeping with the SEC, Sean Hvizdzak and Shane Hvizdzak lied about their crypto fund efficiency by fabricating monetary statements, as a substitute redirecting investor funds to their very own accounts with banks in addition to crypto exchanges.
As dominated by the U.S. District Courtroom for the Western District of Pennsylvania, Hvizdzaks, Hvizdzak Capital Administration, LLC, Excessive Avenue Capital, LLC, and Excessive Avenue Capital Companions, LLC, are quickly halted from operation for violating the anti fraud provisions of federal securities legal guidelines.