SEC targets crypto multi-level marketing scheme in new lawsuit

SEC targets crypto multi-level marketing scheme in new lawsuit

The U.S. Securities and Exchange Commission said Friday that it filed charges last month against three individuals who allegedly  cryptocurrency investment scheme. The complaint, filed under seal on May 7, targets Modern Money Team (MMT), which it describes as a “multilevel marketing business” that defrauded investors of more than $12 million. MMT describes itself as …

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