The U.S. Securities and Exchange Commission (SEC) has filed charges against multiple companies for their alleged involvement in an elaborate cryptocurrency scam that swindled more than $14 million from retail investors.
The complaint charged crypto asset trading platforms Morocoin Tech Corp., Berge Blockchain Technology Co., Ltd., and Cirkor Inc., as well as investment clubs AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation (AIIEF) Ltd., and Zenith Asset Tech Foundation, in connection with the operation.
The SEC said the scam unfolded as a multi-step fraud that enticed unsuspecting users with ads on social media and built trust with them…
