The US Securities and Exchange Commission has charged a Florida-based individual and his company with operating a fraudulent crypto asset mining scheme. The defendants allegedly raised $22 million from more than 380 investors, promising unusually high returns on investments in the venture. The SEC claims the promises were unfounded and the funds were misused for personal gain.
Source
"SEC Charges Two Over Alleged $22M Crypto Mining Scam" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.