{"id":143683,"date":"2024-12-01T12:00:46","date_gmt":"2024-12-01T10:00:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143683"},"modified":"2024-11-30T19:49:47","modified_gmt":"2024-11-30T17:49:47","slug":"115-million-fraud-scheme-exposed-in-massive-sec-lawsuit-against-crypto-firm","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/115-million-fraud-scheme-exposed-in-massive-sec-lawsuit-against-crypto-firm\/","title":{"rendered":"$115 Million Fraud Scheme Exposed in Massive SEC Lawsuit Against Crypto Firm"},"content":{"rendered":"

The lawsuit<\/a><\/strong> centers on unregistered securities tied to crypto mining and debt rehabilitation ventures.<\/p>\n

According to the SEC\u2019s complaint, Taing and his company raised $95 million for cryptocurrency mining projects and an additional $23 million for debt rehabilitation programs between 2021 and early 2023.<\/p>\n

These investments were marketed as stable and low-risk, with Taing even comparing them to high-yield savings accounts. However, the SEC argues that the ventures were far from secure, labeling them speculative and illiquid, with heavy reliance on risky third-party businesses.<\/p>\n