Tag: Mauricio Chavez

U.S. SEC Charges 17 Individuals in $300 Million Crypto Ponzi Scheme Targeting the Latino Community

Court Cases tamir -
The U.S. SEC has announced charges against 17 individuals implicated in a massive $300 million Ponzi scheme orchestrated through CryptoFX LLC. This scheme primarily preyed upon over 40,000 investors, predominantly from the Latino community. This announcement follows a critical emergency action by the SEC in September 2022, which effectively dismantled the CryptoFX operation and brought charges against its leading figures, Mauricio Chavez and Giorgio Benvenuto.