TEXAS REGULATORS CRACKS DOWN ON FRAUDULENT CRYPTO AND FOREX OPERATORS

On 21 November, Inside Bitcoins reported that the Texas State Securities Board (TSSB) has announced charges against 15 fraudulent schemes advertising false investments, and confirmed that it had sent out at least 3 cease-and-desist orders targeting companies that sell fake crypto, forex, and binary options investments.  Those affected included 10 investment platforms linked to a James Blundell. Another 3, FX Trades, IQTrade, and Binary Trade Forex, claimed to be “e-gaming” firms registered by the Isle of Man Gambling Supervision Company, but the TSSB disclosed that they had not registered to sell securities in the state. The article also mentions Angus Jerrard, a South African resident who started 3 “double your money” businesses and who ran illegal ads on a radio station in Austin, promoting the so-called Liquidity Card.

https://insidebitcoins.com/news/texas-regulators-cracks-down-on-fraudulent-crypto-and-forex-operators

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s