SEC Alleges $650 Million Crypto Pyramid Scheme By NovaTech Founders

On Monday, the US Securities and Exchange Commission (SEC) filed a lawsuit against NovaTech, an alleged crypto pyramid scheme, and eight of its promoters.  In the lawsuit, the regulator accuses them of perpetrating fraud and violating federal securities laws in a scheme that raised more than $650 million in crypto assets from more than 200,000 […] source: https://bitcoinist.com/sec-alleges-650m-crypto-pyramid-scheme-novatech/