Tag: ICO

Posted on

NJ Crypto Grandma Pleads Guilty to Fraudulently Inducing Victims to invest over $25 million in a Cryptocurrency Scam

5176b73f55e7d675d629aac0cec22286

the staff of the Ridgewood blog

Bloomfield NJ, an Essex County, woman today admitted her role in fraudulently inducing victims to invest over $25 million in cash and cryptocurrency, U.S. Attorney Philip R. Sellinger announced.

Continue reading NJ Crypto Grandma Pleads Guilty to Fraudulently Inducing Victims to invest over $25 million in a Cryptocurrency Scam

Posted on

“Operation Cryptosweep,” Shuts Down Two Cryptocurrency Promoters Offering Unregistered Securities

Utah Software Engineer Mints Physical Bitcoins

the staff of the Ridgewood blog

Ridgewood NJ, Attorney General Gurbir S. Grewal and the Division of Consumer Affairs announced that the Bureau of Securities (“the Bureau”) today issued two emergency orders to stop online cryptocurrency-related investment entities from fraudulently offering unregistered securities in New Jersey.

The Cease and Desist Orders against Zoptax LLC a/k/a Zoptax and Unocall were announced today as part of “Operation Cryptosweep,” an international crackdown on fraudulent Initial Coin Offerings (“ICOs”) and crypto currency-related investment schemes.

Continue reading “Operation Cryptosweep,” Shuts Down Two Cryptocurrency Promoters Offering Unregistered Securities