WASHINGTON (AP) — In their latest case targeting alleged fraud in cryptocurrency, federal regulators have accused two siblings of defrauding thousands of ordinary investors out of some $124 million in unregistered securities offerings involving a digital token. The Securities and Exchange Commission alleged in a civil lawsuit that John and JonAtina Barksdale used in-person roadshows around the world and social media including YouTube videos to sell fraudulent investments related to the so-called Ormeus Coin. The SEC said they falsely claimed that the digital coin was supported by one of the largest crypto mining operations in the world.
BE PART OF THE CONVERSATION
News Channel 3-12 is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here.