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US charges 2 siblings in $124 million crypto fraud operation
short by Aishwarya Awasthi / on Wednesday, 9 March, 2022
The US SEC has charged two siblings, John and JonAtina Barksdale, accusing them of defrauding retail investors out of more than $124 million with a digital token known as Ormeus Coin. Since 2017, the accused had allegedly raised $124 million from over 20,000 investors. They promoted Ormeus Coin through roadshows and social media, as well as a Times Square jumbotron.
read more at Reuters