SEC targets Mining Automatic over alleged $22M crypto mining fraud
Covered by 5 sources · 5 articles
5 outlets - including Cryptoslate, Cryptonomist and Bitcoinworld and 2 more - are covering this story. More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved. The post 380 investors face Bitcoin mining losses after alleged $22M US scheme put just 13% into mining appeared first on Crypto…
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380 investors face Bitcoin mining losses after alleged $22M US scheme put just 13% into mining
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
Only 13% Went to Mining: SEC Exposes $22M Crypto Mining Fraud
A Florida man and his company have been hit with federal charges over a crypto mining fraud that allegedly stripped more than 380 investors of tens of millions of dollars — and the numbers buried in the SEC’s complaint tell a damning story.…
Mining Automatic and Owner Reach Partial SEC Settlement Over $22M Crypto Mining Fraud Case
BitcoinWorld Mining Automatic and Owner Reach Partial SEC Settlement Over $22M Crypto Mining Fraud Case The U.S. Securities and Exchange Commission (SEC) has reached a partial settlement with Mining Automatic and its owner, Jhon Shaikh, in…
SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme
The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction of the funds on mining operations.
SEC targets Mining Automatic over alleged $22M crypto mining fraud
The U.S. Securities and Exchange Commission has sued Mining Automatic and its owner, Zan Shaikh, after they allegedly raised about $22 million from more than 380 investors through a fraudulent crypto mining operation. The SEC announced the…