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31 July 2021

SEC lays the smackdown on alleged $12 million crypto scam 'Profit Connect'

SEC lays the smackdown on alleged $12 million crypto scam 'Profit Connect'


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SEC lays the smackdown on alleged $12 million crypto scam 'Profit Connect'.

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc.

Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating.

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