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Mother-son duo's crypto scam that offered 30% returns busted in US
short by Hiral Goyal / on Tuesday, 20 July, 2021
The US Securities and Exchange Commission has shut down the operations of a mother and son duo that defrauded investors in a cryptocurrency scam. The duo raised more than $12 million from investors, the SEC said. They promised investors up to 30% returns, saying, their money would be invested in securities and cryptocurrencies based on recommendations by an AI supercomputer.