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SEC Cracks Down on $60 Million Crypto Ponzi Scheme
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Subscribe28 AUG 2024 / SEC UPDATES
The US Securities and Exchange Commission (SEC) has frozen the assets of brothers Jonathan and Tanner Adam from Texas and Florida, respectively, after accusing them and their companies, GCZ Global LLC and Triten Financial Group LLC, of conducting a $60 million crypto Ponzi scheme that swindled over 80 investors. The SEC alleges that the brothers promised exceptional profits from a non-existent crypto investment, using the funds for personal indulgence instead; the agency is now pursuing permanent injunctions, the recovery of illegal profits and civil penalties.
In a dramatic twist, the SEC has frozen the assets of Jonathan Adam from Angleton, Texas, and his brother, Tanner Adam of Miami, Florida, along with their companies, GCZ Global LLC and Triten Financial Group LLC. The brothers are accused of running a $60...
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