Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
Cointelegraph
Published Apr 08, 2020 05:19PM ET
Updated Apr 08, 2020 07:00PM ET
The Texas securities regulator has continued its crackdown on cryptocurrency scams, spotting an alleged fraudulent crypto firm that made fake claims about COVID-19 donations.
On April 8, the Texas State Securities Board (TSSB) issued an emergency cease and desist order against Ultra Mining, alleging that the crypto mining firm is involved in diverse illicit activities including purportedly fraudulent claims to double investors’ money.
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Written By: Cointelegraph
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