Home Bitcoin News Bitcoin Scam Vegas Mother-Son Duo Swindled Investors in Crypto Scam, SEC Says – Bloomberg

Vegas Mother-Son Duo Swindled Investors in Crypto Scam, SEC Says – Bloomberg

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A mother-son workforce swindled traders after telling them their cash could be invested in securities and cryptocurrencies based mostly on suggestions by an “synthetic intelligence supercomputer,” in keeping with the U.S. Securities and Trade Fee.

The duo raised greater than $12 million from not less than 277 traders, the regulator said in a statement on Monday. The SEC mentioned it has obtained a short lived restraining order and asset freeze to cease the alleged providing fraud by Pleasure Kovar, 86, and her son Brent, 54, at Las Vegas-based Revenue Join Wealth Providers.

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