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SEC charges crypto scam network over retail investor fraud

Regulatory/Legal Action
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1 unique sources, 1 articles

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The SEC filed charges against multiple companies over an alleged crypto investment scam, escalating a federal case tied to more than $14 million in retail losses. The complaint says the scheme used social-media ads, WhatsApp groups, and fake AI-generated investment tips to win trust. Investors were then pushed into purported trading platforms that the agency says were fake and falsely claimed government licenses. The SEC is seeking permanent injunctions, civil penalties, and repayment with prejudgment interest.

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Timeline

  1. 24.12.2025 11:19 2 articles · 5mo ago

    SEC files charges over alleged crypto investment scam

    Legal Policy Action Update

    The U.S. Securities and Exchange Commission filed charges against Morocoin Tech Corp., Berge Blockchain Technology Co., Ltd., Cirkor Inc., AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation (AIIEF) Ltd., and Zenith Asset Tech Foundation over an alleged cryptocurrency scam that targeted retail investors with social-media ads, WhatsApp group chats, supposed AI-generated investment tips, and purported crypto asset trading platforms. The complaint says the operation used fake Security Token Offerings linked to SatCommTech and HumanBlock, no actual trading took place on the platforms, investors were later hit with advance-fee demands when trying to withdraw funds, and more than $14 million was allegedly moved overseas; the SEC is seeking permanent injunctions, civil penalties, and repayment with prejudgment interest.

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