The Securities and Exchange Commission (SEC) announced on Friday that it accused the founders of a multi-level marketing agency, Trade Coin Club, of running a $295 million cryptocurrency Ponzi scheme. SEC Charges Trade Coin Club Founder The Trade Coin Club, which acquired over 80,000 bitcoin (BTC) from over 100,000 investors, is where Joff Paradise, Douver Torres Braga, Keleionalani Akana Taylor, and Jonathan Tetreault are being charged by the SEC. The company’s founder, Braga, is accused of misleading investors by claiming they could employ a bot to produce daily profits of 0.35% on their cryptocurrency. However, he used this money to The post SEC Charges Trade Coin Club Founders of Running $295M Ponzi Scheme appeared first on Cryptoknowmics-Crypto News and Media Platform.
