SEC Sues Touzi Capital Over $115 Million Securities Fraud – Details

Quick Summary:

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Touzi Capital LLC, a crypto mining company, and its managing member Eng Taing over multiple securities law violations.

The US securities regulator claims the defendants allegedly deceived investors and misappropriated funds to the tune of $115 million.

In addition, the defendants may be subject to disgorgement where they are ordered to return any profit earned via these misleading investments.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: Hungary

Topics: SEC Securities fraud Eng Taing Touzi Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 11:30:27 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Readers: 65 people read this story

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24005126

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 11 hours ago

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