U.S. Securities and Exchange Commission seal in Washington, D.C. January 5, 2019. Photo: Diego M. Radzinschi/ALM First Responders Were Defrauded in Crypto Scheme, SEC Suit Against Ex-Corrections Officer Claims
This suit was surfaced by Law.com Radar. Read the document here.
August 24, 2023 at 02:32 PM
1 minute read
The U.S. Securities and Exchange Commission filed a lawsuit on Aug. 23 in New Jersey District Court accusing a defendant of engaging in cryptocurrency asset securities fraud. The court action accuses John A. DeSalvo of defrauding investors of over $623,00 by selling unregistered 'Blazar tokens' while failing to inform them that purchases would occur via automatic paycheck deductions. Lawyers have not yet appeared for the defendant. The case is 1:23-cv-08092, Securities and Exchange Commission v. Desalvo.
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