Posted 3/14/2024, 8:40:00 PM
SEC Expands Lawsuit Against Alleged $300 Million Crypto Ponzi Scheme Targeting Latino Communities
- SEC sued 17 people tied to alleged $300M Ponzi scheme targeting Latinos
- Defendants claimed funds would be invested in crypto but weren't, per SEC
- Scheme promised "life-altering wealth" to over 40,000 victims across 10 states & 2 countries
- SEC previously charged 2 leaders; filing expands defendants including 2 who kept soliciting past initial action
- Defendants convinced victims to invest by falsely claiming funds would buy crypto & other assets
