SEC Charges Latvian Citizen With Digital Asset Fraud
Retrieved on:
Giovedì, Dicembre 2, 2021
Washington D.C.--(Newsfile Corp. - December 2, 2021) - The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings.
Key Points:
- Washington D.C.--(Newsfile Corp. - December 2, 2021) - The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings.
- According to the civil complaint, filed in U.S. District Court for the Eastern District of New York, Ivars Auzins defrauded U.S. and foreign investors through the unregistered offer and sale of digital asset securities in an initial coin offering and a purported digital asset cloud mining program.
- "As we allege, Auzins was engaged in a brazen scheme to defraud retail investors under the guise of profitable digital asset opportunities," said Kristina Littman, Chief of the SEC Enforcement Divisions Cyber Unit.
- "We will continue to detect and pursue those that seek to victimize investors in the digital asset space."