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Benzinga
Benzinga
Business
Adrian Zmudzinski

$124M Crypto Scam? SEC Charges Sibling Founders Of Ethereum-Based Coin

The United States Securities and Exchange Commission (SEC) charged “modern-day snake-oil salesmen” siblings for allegedly defrauding cryptocurrency investors out of $124 million.

What Happened: In a Tuesday statement, the SEC announced that it charged John and Jonatina Barksdale for running Ormeus Coin (CRYPTO: ORMEUS), alleged to be a cryptocurrency scam.

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