SEC gets restraining order against firm accused of crypto scheme

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SEC gets restraining order against firm accused of crypto scheme
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The SEC obtained a temporary restraining order against a Utah firm after accusing its principals of defrauding investors.

Brothers Jason and Jacob Anderson, as well as 15 others, raised millions in bitcoin and ether from hundreds of U.S. investors.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.

and that revenue-generating businesses in a variety of sectors would drive the value of the various tokens DEBT Box mined,” according to the SEC. “We allege that DEBT Box and its principals lied to investors about virtually every material aspect of their unregistered offering of securities, including by falsely stating that they were engaged in crypto asset mining,” said Tracy S. Combs, director of the SEC’s Salt Lake Regional Office. “We filed this emergency action to protect the victims of the defendants’ unlawful actions and stop further harm.

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