Scam Claim against Bitcoin and Office Space Investment Schemes

Securities and Exchange Commission has made a claim against the undercover founder of Bitcoin platform and a chain of co-working spaces. This charge says Renwick Haddow has created two trendy companies and misled investors. The founder, a U.K. citizen living in New York, has made a broker-dealer without registering the firm under the federal securities laws.

 The materials which were presented to investors by both companies pushed the backgrounds of senior executives who do not appear to exist. More than 80 percent of the in funds had risen by the broker-dealer. In addition to this, false facts about the company operations have been represented.

The SEC’s complaint, filed in federal district court in Manhattan, claims that Bitcoin Store has never had any operations nor generated the gross sales. Due to this, Haddow had been able to generate several million dollars in total sales. The group is also associated with the selling of fake workspaces. It was “an easy-to-use and secure way of holding and trading Bitcoin” as per the charge. However, Preethi Krishnamurthy, Neil Hendelman, Maureen P. King, and Sandeep Satwalekar are investigating officers of the Lara Shalov Mehraban supervised case.

Recent Posts

Bitcoin mining as a catalyst in the world’s transition to green energy

Bitcoin mining to drive the world’s transition to green energy. This is what Mike Colyer, Chief Executive Officer of Foundry Digital,…

13 hours ago

April 14, HUGE day for Crypto as Coinbase direct listing is just hours away

Today is a huge day for Crypto. Coinbase, the top cryptocurrency exchange in the United States, will launch its COIN…

15 hours ago

Bitcoin is not a good option for criminals, says former CIA Director in a new report

Bitcoin is not really being used in money laundering operations. And considering the fact every transaction is recorded on the…

1 day ago

“caged bull” Bitcoin breaks into a new all-time high of almost $63,000

Just a day after Bloomberg analyst Mike McGlone called Bitcoin a “caged bull, well rested to escape”, the latter seemed…

1 day ago

Ripple files motions to dismiss lawsuit as XRP blasts to new three-year high

Just before the weekend, Judge Sarah Netburn ruled that Ripple executives Brad Garlinghouse and Chris Larsen’s did not have to…

1 day ago

Cardano, more than a hedge against Ethereum?

In a new video on the popular YouTube channel ‘Coin Bureau’, host Guy shares his thoughts on Cardano and the…

2 days ago