Automated Crypto Investing App Coinseed Faces Fraud Charges in NY, SEC Lawsuits
Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.
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Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James. Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations.Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website.Detailing his decision to shutter the business, Davaasambuu wrote:“It is with an incredibly heavy heart, today I’m announcing that I am winding down the business due to a lawsuit from the NYAG (New York Attorney General).”As....
The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ” that’s dedicated to Attorney James “and her cronies.” New York Attorney General Letitia James Obtains Court Order, Agency Claims 170 Complaints Filed Coinseed is calling it quits after the firm....
Arrested by the FBI earlier today, 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading. For Jeremy Spence, also known as "Coin Signals," the news just gets worse.The Commodity Futures Trading Commission has unveiled civil fraud charges against Spence for his investment scheme, which allegedly suckered investors out of over $5 million worth of Bitcoin (BTC) based on false or misleading statements.As Cointelegraph reported, the Department of Justice arrested Spence earlier today on charges of wire fraud and commodities fraud that have maximum....
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies.
Fluffypony Pleads Not Guilty
The so-called crypto mogul and former Monero lead developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a report has said. The charges follow allegations that Spagni defrauded his former employer of more than $93,500 (R1,453,561). The crimes are alleged to have taken....
The New York Attorney General has filed a lawsuit against crypto investment platform Coinseed for allegedly defrauding investors and selling a token that remains unlisted three years later. New York State Attorney General Letitia James has sued crypto investment platform Coinseed Inc for allegedly defrauding thousands of investors out of more than $1 million. According to the Attorney General, Coinseed and its CEO Delgerdalai Davaasambu and former CFO Sukhbat Lkhagvadorj, traded unlawfully, defrauding investors between 2017 and May 2018:“Rather than selling stock, Coinseed sold digital....