{"id":136286,"date":"2024-08-27T17:00:43","date_gmt":"2024-08-27T14:00:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136286"},"modified":"2024-08-27T14:51:35","modified_gmt":"2024-08-27T11:51:35","slug":"sec-targets-crypto-fraudsters-behind-61-5-million-scheme","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-targets-crypto-fraudsters-behind-61-5-million-scheme\/","title":{"rendered":"SEC Targets Crypto Fraudsters Behind $61.5 Million Scheme"},"content":{"rendered":"<p>The SEC <strong><a href=\"https:\/\/www.sec.gov\/files\/litigation\/complaints\/2024\/comp-pr2024-107.pdf\" target=\"_blank\" rel=\"nofollow\">accuses<\/a><\/strong> the Adam brothers of misappropriating $61.5 million from investors under the pretense of a crypto lending scheme.<\/p>\n<p>Promising substantial returns through fake lending pools, the Adams reportedly used the funds for personal luxuries, including a $30 million condo and other high-end purchases.<\/p>\n<p>The SEC has taken swift action by freezing the assets of the implicated companies to prevent further financial losses and is seeking legal penalties against the Adams for breaching anti-fraud regulations.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/new-malware-targets-mac-users-and-crypto-wallets\/\" title=\"New Malware Targets Mac Users and Crypto Wallets\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/malware-cryptojacking-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">New Malware Targets Mac Users and Crypto Wallets<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In a related development, the SEC has reached a settlement with Abra, a crypto firm charged for operating without proper registration.<\/p>\n<p>Abra\u2019s Earn program, which managed nearly $600 million, was found to be in violation of SEC registration requirements. Abra has agreed to an injunction and will face civil penalties, pending court approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has intensified its crackdown on crypto fraud, focusing on Triten Financial Group and GCZ Global, led by Jonathan and Tanner Adam.<\/p>\n","protected":false},"author":3,"featured_media":35282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-136286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Targets Crypto Fraudsters Behind $61.5 Million Scheme<\/title>\n<meta name=\"description\" content=\"The U.S. Securities 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