The SEC charged BitCloud founder Nader Al-Naji with fraud after the agency says he used investors' funds in part to pay rent on a mansion.
source: https://www.theblock.co/post/308342/sec-sues-bitclout-founder-nader-al-naji-says-he-lied-to-investors-about-the-projects-decentralization?utm_source=rss&utm_medium=rss