The post SEC Sues Investment Firm Touzi Capital For Defrauding Investors And Raising $100M appeared first on Coinpedia Fintech News
The US SEC has taken legal action against investment firm Touzi Capital over allegedly misleading investors about the liquidity and profitability of its crypto asset mining fund. It has defrauded over a thousand investors in unregistered securities offerings that raised over $100 million. The SEC stated that Touzi Capital and its CEO commingled and misappropriated …
