Texas’s top securities watchdog is halting unregistered cryptocurrency trading operation LeadInvest, which allegedly targeted cryptocurrency newbies through a number of schemes.
LeadInvest allegedly touted having an all-star management team, implying its members included U.S. Supreme Court Justice Ruth Bader Ginsburg, former U.S. solicitors general, practicing attorneys with no relation to the company, and even a photostock model identified as a blockchain advisor, according to an emergency cease-and-desist order filed Feb. 26.
The action is the fifth such order brought by the Texas State Securities Board since December. Texas is one of the most active states in pursuing allegedly fraudulent cryptocurrency ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.