Securities Commissioner Warns Investors About MLM Crypto Investment Schemes

May 28

Securities Commissioner Travis J. Iles issued an Emergency Cease and Desist Order to halt a fraudulent MLM scheme that purportedly offered investments in cloud mining cryptocurrency. The order outlines the use of deceptive image and video manipulation techniques and the employment of actors to bolster their online marketing efforts. This action highlights the need for investors to be cautious when engaging with investment opportunities through social media.

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