SEC accused the resident of Hawaii of fraud with securities and cryptocurrencies – Bits Media

United States Securities and Exchange Commission (SEC) accused the resident of Hawaii Jeremy Koski of market manipulations, fraud and false promises to convert a stock fund into cryptocurrencies.

According to the complaint SEC, filed by the United States of the Southern District of New York, Jeremiah Bones (Jeremy rapids) manipulated shared securities, secured debt obligations J.C. Penney Company, Inc. (JCP Debentures) With the cotrp ticker.

In May 2021 the year Kosk began to post false notifications about that, as if JCP bonds will be prematurely repaid at full cost, As a result, the price of Cotrp jumped to 75%.

In September and November 2021 years Koski distributed fake press releases, which indicated, that Cotrp will be the first publicly traded fund, convertible to cryptocurrency. This conversion will allegedly allow the fund to restore the nominal value in $25, asserted the Koski.

The regulator also accused the Koski of violating the law on securities from 1933 year and law on exchanges of securities from 1934 of the year. The department demanded, so that the court imposes an administrative fine on a resident of Hawaii.

Recently, the SEC has accused the former lieutenant of the department of correctional institutions of the state of New Jersey of organizing cryptocurrency fraud. John a. Desualvo (John A. Desalvo) Gathered more $600 000, Having sold tokens called Blazar Token civil servants.