"Instead of rewarding their clients as promised, their insatiable greed led them to spend millions of dollars on their own lavish desires.""Instead of rewarding their clients as promised, their insatiable greed led them to spend millions of dollars on their own lavish desires.
Meanwhile, according to the SEC's allegations, customers were also told that any funds they invested into the coins would be "locked" in secure accounts. But as the SEC alleges, those security promises were lies.
"Instead of rewarding their clients as promised, their insatiable greed led them to spend millions of dollars on their own lavish desires," said Ivan Arvelo, a US Department of Homeland Security agent involved in the investigation, in a statement. "Today, no luxury vehicles or sprawling real estate can protect them from the consequences of such crimes.