One defendant named Neil Chandran had been detained since Sept. 14, 2022 for wire fraud and criminally derived monetary transaction charges.
The U.S. Securities and Exchange Commission has charged eight individuals and businesses for the alleged sale of unregistered securities via the blockchain tech firm CoinDeal. The accused are Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc and BannersGo, LLC, according to an SECChandran, Davidson, Glaspie, Knott and Mossel allegedly claimed that CoinDeal would be sold for trillions of dollars, despite no acquisition ever being made or funds allocated to investors. Chandran also allegedly used millions of dollars in investor funds for buying a boat, real estate, cars, and other personal uses.
The SEC alleged that Chandran defrauded more than 10,000 victims through his investment fraud schemes involving CoinDeal and other firms. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
Source: Digital Coin News (digitalcoinnews.net)
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