Posted 2/4/2024, 7:45:59 PM
Crypto Course Founder Charged $1.8M for $1.2M Student Fraud Scheme
- SEC charges founder of online crypto course, Brian Sewell, for running a $1.2 million fraud scheme targeting students
- Sewell urged students to invest in his Rockwell Fund, falsely claiming it used AI and trading strategies for crypto
- 15 students invested $1.2 million total, but Sewell lost the money after investing in crypto that was later hacked
- SEC filed complaint against Sewell for antifraud violations; he settled without admitting or denying allegations
- Sewell and his company face over $1.8 million in penalties and disgorgement