SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings
Cointelegraph
Published Jun 24, 2020 10:46PM ET
Updated Jun 25, 2020 12:20AM ET
A judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for their involvement in the alleged $30 million crypto investment scam CG Blockchain.
United States District Judge Stanley Chesler cited a parallel criminal investigation into Pardo and Manor in granting the motion to stay the Security and Exchange Commission's action, reasoning that halting the suit until the conclusion of the criminal proceedings “would best serve the interests of justice”.
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Written By: Cointelegraph
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