Two men who allegedly fraudulently solicited cryptocurrency investments face arrest after a Texas federal district judge found them in civil contempt for continuing to market the currency while the SEC suit against them was proceeding.
Robert P. Dunlap and David A. Schmidt “shall be coercively incarcerated until they comply” with the U.S. District Court for the Western District of Texas’s orders in the Meta 1 Coin Trust securities fraud suit, Judge Robert Pitman said Tuesday.
Schmidt, Dunlap, and Dunlap’s girlfriend Nicole Bowdler told investors the Meta 1 coins were backed by a $1 billion art collection or $2 billion in ...
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