SEC Alleges Minority Communities Targeted by Bottled Water Scam
Cointelegraph
Published Apr 04, 2020 04:58PM ET
Updated Apr 05, 2020 07:00PM ET
The United States Securities and Exchange Commission has charged a former pastor and his wife for stealing $500,000 through a trio of fraudulent businesses, including a cryptocurrency offering purportedly backed by a bottled water business.
According to a complaint filed on April 2, the pair also sold fake shares in their struggling water business, Teshuater, in addition to conjuring up a non-existent Bitcoin (BTC) mining outfit to dupe investors in Houston, Texas.
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Written By: Cointelegraph
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