Tag: Jeremy McNutt

SEC Accuses Texas Crypto Mining Firm Geosyn of $5.6 Million Fraud

Crypto Schemes tamir -
The U.S. Securities and Exchange Commission (SEC) has leveled serious allegations against Geosyn, a Texas-based cryptocurrency mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt. The SEC claims that the company and its founders engaged in a $5.6 million fraud scheme, deceiving more than 60 investors. Moreover, Ward and McNutt allegedly misappropriated about $1.2 million for personal use.