The SEC has charged Kwon and TFL with defrauding unsuspecting crypto investors. The Securities and Exchange Commission has announced charges against TerraForm Labs (TFL) and its founder, Do Kwon, for allegedly defrauding investors in what the regulator tagged a multi-billion dollar cryptocurrency fraud. The SEC alleges that Kwon and his company raised billions of dollars The post U.S. SEC Officially Charges Do Kwon and TerraForm Labs (TFL) with Fraud first appeared on The Crypto Basic .