SEC takes legal action against Jonathan and Tanner Adam for running a $60M Ponzi scheme involving a fake crypto trading bot.
The SEC has charged Jonathan and Tanner Adam with operating a $60 million Ponzi scheme.
The SEC has charged Jonathan and Tanner Adam with operating a $60 million cryptocurrency pyramid scheme.
The SEC charged brothers Jonathan and Tanner Adam with orchestrating a $60 million cryptocurrency Ponzi scheme using a fake trading bot. Over 80 investors were affected between January 2023 and June 2024. The brothers allegedly used investor funds for personal luxuries, including a $30 million condo.
The SEC has accused brothers Jonathan and Tanner Adam of running a $60 million crypto Ponzi scheme involving a fake trading bot.
The U.S. SEC charged Jonathan and Tanner Adam for defrauding over 80 investors in a $60 million Ponzi scheme via a crypto trading platform.
