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Texas regulator goes after cryptocurrency scammers boasting fake Obama endorsements
2018-09-19T12:42:59Z - Matthew Beedham / The Next Web
The Texas State Securities Board (TSSB) is taking emergency action against cryptocurrency scammers, peddling fake endorsements and posing as well-established blockchain services. In a statement from yesterday, TSSB Commissioner Travis J. Iles revealed the board has issued a cease and desist letter for three cryptocurrency businesses. The TSSB claims that Coins Miner Investment, DGBK Ltd, and Ultimate Assets LLC have been duping potential customers with incorrect, false, and totally misleading information. While the company claims to offer guarantees on initial investments, it is not warning investors that their capital is at risk, and so, is committing fraud. What’s more, Ultimate Assets appears to be a phantom company, it is not located at the address it states as its headquarters.

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