SEC Wins $1.1M Crypto Fraud Case by Default Judgment
Key Notes
- The SEC secured a $1.1M judgment after Keith Crews failed to appear in court.
- Crews allegedly defrauded investors with a fake crypto project “Stemy Coin”.
- Court imposes permanent ban on Crews from future securities violations.
The U.S. Securities and Exchange Commission (SEC) recently secured a legal victory against Keith Crews, who was accused of operating a deceptive cryptocurrency scheme.
Crews, sued by the SEC in 2023, failed to appear in court to respond to the charges. Due to his absence, the court issued a default judgment in the SEC’s favor, awarding the agency a total of $1.1 million.
On June 3, U.S. District Judge Tiffany Johnson in Georgia ordered Crews to pay approximately $1.1…
