🧵 1. Former corrections officer charged by SEC for crypto scam targeting police officers & first responders, raising $623k from 222 investors. #crypto
🧵 1. Former corrections officer charged by SEC for crypto scam targeting police officers & first responders, raising $623k from 222 investors. #crypto
🧵 2. John A. DeSalvo allegedly deceived investors, proclaiming his token would replace state pensions to provide high returns.
🧵 3. Despite claiming SEC registration, DeSalvo sold $51k worth of tokens upon debut, while investors were unable to sell.
🧵 4. The Blazar token lost over 99.9% of its value in less than two weeks. SEC seeks injunction, penalties, and profit disgorgement.
🧵 5. Magazine: Blockchain games set to become more decentralized.
🧵 Read more at: https://cointelegraph.com/news/sec-charges-former-corrections-officer-for-role-bizarre-crypto-scam
gradually they will be put to the book