How SEC Filings Helped Sell an Alleged $130M Crypto Scheme

Key Takeaways SEC says neither firm was registered with it. Fake certificates pointed to real SEC filing records. 60% monthly returns would mean 281x a year. Utah warned about the scheme in March. The SEC filed its civil enforcement action on October 29 and published a litigation release on October 30 . The accusations remain allegations in a pending case. A real record behind a false claim The pitch relied on a check that sounds sensible: look the company up on an official government website.