Photo illustration: Jason Doiy/ALM Crypto Venture Fund Accused of Using $5M Investment for 'Speculative and Risky' Trading
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March 01, 2024 at 11:33 AM
4 minute read
Blockstart Ventures and its owners, Raman Bindlish and Nicholas M. Mavris, were hit with a lawsuit this week in the U.S. District Court for the Northern District of California for allegedly inducing a plaintiff to invest $5 million to purportedly fund early stage crypto companies, but the defendants used the funds to engage in speculative crypto trading instead.
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