Law Student's €4.5M Crypto Trading Scheme Ends in Arrest
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A 24-year-old Dutch law student has been arrested for allegedly defrauding nearly 300 investors, including family and professional athletes, of up to €4.5M through a cryptocurrency trading scheme. The self-proclaimed crypto genius promised high returns while taking 50% commission before the operation collapsed, leaving investors empty-handed.
SEC Files $115M Fraud Lawsuit Against Touzi Capital Over Crypto Mining Scheme
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The SEC has initiated legal action against Touzi Capital, alleging a $115 million cryptocurrency mining fraud affecting 1,500 investors through false promises and misused funds. The case highlights increased regulatory oversight of crypto operations as authorities seek penalties and fund recovery.