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News - Crypto-Investors Beware
Season 2
Episode 2
Published 1 year, 8 months ago
Description
The Securities and Exchange Commission (SEC) has accused NovaTech, a cryptocurrency company, and its founders, Cynthia and Eddy Petion, of running a $650 million pyramid scheme that defrauded over 200,000 people globally.
The SEC's lawsuit highlights the potential for fraudulent activity within the cryptocurrency industry, prompting concerns about the legitimacy of other crypto companies.
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